Question: A two - year Treasury bill offers a 3 . 4 % yield to maturity. The market's concensus forecast is that one - year T
A twoyear Treasury bill offers a yield to maturity. The market's concensus forecast is that oneyear Tbills will offer next year. What is the current yield on a year Tbill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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