Below is the actual path of short term interest rates (measured by the 3 mo Tbill). Assuming such rates were expected in January 1991, what should the rate on a ten year Treasury have been? (your answer should be in percent to the nearest basis point.

1991	5.38
1992	3.43
1993	3.00
1994	4.25
1995	5.49
1996	5.01
1997	5.06
1998	4.78
1999	4.64
2000	5.82