al Management SEM 1 AY 2022/2023 The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent for the following 2 years (Years 2 and 3). Assume maturity risk premium is zero in the first year and 0.2% per year thereafter. What should be the interest rate on 3-year, treasury securities today? Select one: a. 6.5% b. 7.0% c. 8.1% d. 7.9%