18) Refer to the figure displaying yield for February 7, 2019. Suppose the liquidity premium investors require to hold a 2-year security is 0.2% and the liquidity premium on a 3-year security is 0.3%. On the date these yields were observed, what did investors expect the yield to be on a 1-year security two years in the future? Answer as a percent, round to two decimal places and do not enter a '%' sign. (Please solve step by step so that I may learn, thank you).

4.0 U.S. Treasury Yields 02/07/2019 3.5 30% 3.0 2.85% 265% 2.55% 2.46% %25243% 2.46% Annual percentage rate 2.0 1.5 1.0 0.5 00 6-mo 1-yr 2-yr 3-yr 5-yr Maturity 10-yr 20-yr 30-yr Source: Board of Governors of the Federal Reserve System