A $5-$year Treasury bond has a $5\mathrm{.}0\%$ yield. A $10-$year Treasury bond yields $6\mathrm{.}0\%,$ and a $10-$year corporate bond yields $9\mathrm{.}1\%.$ The market expects

that inflation will average $1\mathrm{.}7\%$ over the next $10$ years $(I{P}_{10}=1\mathrm{.}7\%).$ Assume that there is no maturity risk premium $(MRP=0)$ and that the

annual real risk$-$free rate, $r^{**},$ will remain constant over the next $10$ years. $($Hint: Remember that the default risk premium and the liquidity

premium are zero for Treasury securities: DRP $=LP=0.)$ A $5-$year corporate bond has the same default risk premium and liquidity premium as

the $10-$year corporate bond described. What is the yield on this $5-$year corporate bond? Round your answer to one decimal place.

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