Derive a formula giving the 4 year interest rate

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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.

Reference no: EM131220722

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Derive a formula giving the 4 year interest rate : 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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