Assume investors are indifferent among security maturities. Today, the annualized 2-year interest rate is 2.20 percent, and the 1-year interest rate is 2 percent. What is the forward rate according to the pure expectations theory?   Group of answer choices   2.25% 2.20% 2.00% 2.40%

Essentials Of Investments
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Assume investors are indifferent among security maturities. Today, the annualized 2-year interest rate is 2.20 percent, and the 1-year interest rate is 2 percent. What is the forward rate according to the pure expectations theory?
 
Group of answer choices
 
2.25%
2.20%
2.00%
2.40%
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