$1.$ Suppose the real rate is $2\mathrm{.}2$ percent and the inflation rate is $1\mathrm{.}81$ percent. What rate $($in percent$)$ would you expect to earn on a Treasury bill?Answer to two decimals.

$2.$ Firm X has $4\mathrm{.}08$ percent coupon bonds on the market with $10$ years to maturity. The bonds make semiannual payments and currently sell for $102$ percent of par. What is the current yield $($in percent$)$ on X$\text{'}$s bonds?