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A one-year Treasury bill offers a 5% yield to maturity. A two-year Treasury bill offers a 5.5% yield to maturity. What is the expected forward

A one-year Treasury bill offers a 5% yield to maturity. A two-year Treasury bill offers a 5.5% yield to maturity. What is the expected forward rate for the second year 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 rounded to 2 DECIMAL PLACES.

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