9. 10. 11. 7-3: The Determinants of Market Interest Rates Expected Interest Rate The real risk-free rate is 2.4%. Inflation is expected to be 3.35% this year, 4.65% next year, and then 3.05% 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. 12. 13. 14