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5-year Treasury bonds yield 6.1%. The inflation premium (IP) is 1.70%, and the maturity risk premium (MRP) on 5-year T-bonds is 0.56%. There is no

5-year Treasury bonds yield 6.1%. The inflation premium (IP) is 1.70%, and the maturity risk premium (MRP) on 5-year T-bonds is 0.56%. There is no liquidity premium on these bonds. What is the real risk-free rate, r*? (Express your answer as a percent and round your answer to two decimal places)

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