The interest rate on a two-year treasury security is 47 and


The interest rate on a two-year treasury security is 4.7%, and the interest rate on a one-year treasury security is 6.06%. What is the expected interest rate on a one-year treasury security one year from now? State you answer as a percentage to two decimal places.

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Financial Management: The interest rate on a two-year treasury security is 47 and
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