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A one-year Treasury bill offers a 3.1% yield to maturity. A two-year Treasury bill offers a 2.4% yield to maturity. What is the expected 2

image text in transcribed A one-year Treasury bill offers a 3.1% yield to maturity. A two-year Treasury bill offers a 2.4% yield to maturity. What is the expected 2 year forward rate if the expectation hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below. Enter your answer to 2 DECIMAL PLACES. %

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