3. Based on the current market conditions JP Morgan has determined the following interest rate factors. The real risk-free rate, r, is 1.25%, inflation is expected to be 2.40% over the next two years and the 3.50% thereafter. The 10 -year maturity riak premium is 1.20%, the 10 -year liquidity premium is 0.45%, and the 10 -year defanlt. risk premium is 0.85%. Given all the previous iniormation calculate the spread between the long-term 10-year Treasury and the short-term 2-year Treasury. What would the yield be on arshort-term 3 -year Treasury