6. Treasury securities that mature in 8 years currently have an interest rate of 5.0 percent. The maturity risk premium is estimated to be 0.1% (t-1), where t is equal to the maturity of the bond (i.e., the maturity risk premium of a 1-year bond is zero). The real risk-free rate is assumed to be constant over time at 2%: For AAA rated 8-year bonds, DRP and LP combine to equal 2.5%. What is the expected rate of inflation (IP) over the next eight years? Answer in X.XX% format without the percentage sign, so X.XX