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9. In a market, a bankruptcy-free coupon bond is traded with an annual coupon and a term of 7 years. The bond has a nominal

9. In a market, a bankruptcy-free coupon bond is traded with an annual coupon and a term of 7 years. The bond has a nominal amount of SEK 280,000 and pays out a coupon of SEK 6,300. According to market expectations, the risk-free interest rate is expected to be 2.03% during the first 6 years. What risk-free interest rate does the market expect during the last year if the bond is priced at an interest rate (YTM) of 2.25%? Enter your answer in percentage points and round to two decimal places

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