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A one-year Treasury bill offers a 6% yield to maturity. A two-year Treasury bill offers a 6.7% yield to maturity. What is the expected forward

A one-year Treasury bill offers a 6% yield to maturity. A two-year Treasury bill offers a 6.7% yield to maturity. What is the expected forward rate for the second year if the expectation hypothesis holds? Enter your answer as a percentage. Round to two decimal places.

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