Unbiased Expectations Theory Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 
Using the unbiased expectations theory, what is the current (long-term) rate for four-year-maturity Treasury securities?
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The initial learning of information; transforming sensory input into a form that is memorable in the brain.
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Positioned between two extremes or in the middle of a range, often referring to a level of skill, difficulty, or complexity that is not basic but not advanced either.
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