Question: Need the right answer dont use AI Holding all else equal (i.e., investment strategy 1 and the rates on the first two bonds in strategy

Need the right answer dont use AI Need the right answer dont use AI Holding all else equal (i.e.,

Holding all else equal (i.e., investment strategy 1 and the rates on the first two bonds in strategy 2 ). what rate (in \%) would you need to earn in the third year of investment strategy 2 to be perfectly indifferent between the two strategies under the expectations hypothesis? Information from prior: An investor is presented with the following two alternative strategies: (1) Purchase a 3-year bond with an interest rate of 8.35% and hold it until maturity, or (2) purchase a 1-year bond with an interest rate of 8.00% and when it matures, purchase another 1 -year bond with an expected rate of 8.25% and when that matures, purchase another 1 -year bond with an interest rate of 9%

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