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A two.year Treasury bill offers a 4,5% yield to maturity. The market's concentus forecast is that one-year Tbilis will offer 4% next year. What is

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A two.year Treasury bill offers a 4,5% yield to maturity. The market's concentus forecast is that one-year Tbilis will offer 4% next year. What is the current yleld on a 1-year Tbili Ir the expectations 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 Number 30

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