Using the expectations theory without term premiums, derive a formula giving the 4-year interest rate in 2020

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Using the expectations theory without term premiums, derive a formula giving the 4-year interest rate in 2020 as a function of 2-year rates in 2020 and the future.

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:41 AM

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Using the expectations theory without term premiums, derive a formula giving the 4-year interest rate in 2020

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Money Banking and Financial Markets

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