6-9. Expected interest rate The real risk-free rate is 2%. Inflation is expected to be 2.35% this year, 4.15% next year, and then 2.95% thereafter. The maturity risk premium is estimated to be 0.05(t - 1)%, where t = number of years to maturity. What is the yield on a 7-year Treasury note? Round your answer to two decimal places. __________________% Expections theory Interest rates on 4-year Treasury securities are currently 6.85%, while 6-year Treasury securities yield 7.6%. If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now? Round your answer to two decimal places. _________________%