You currently have a ten year loan. In eight years you beli…
You currently have a ten year loan. In eight years you believe you will be able to refinance the loan for two years. The current rates are listed below in the table. If the Expectations Theory holds, what rate do you expect to refinance at for the remaining two years? Report your answer as a percentage, but without the sign, with two decimal points (do not round intermediate calculations). For example, if you solve for an answer of 9.8765% (or 0.098765), you would type in 9.88 as your answer. Term (Years) Rate (APR) 1 [a]% 2 [b]% 5 [c]% 7 [d]% 8 6.25% 9 [f]% 10 [g]%
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