Due to a recession, expected inflation this year is only 2.75%. However, the inflation rate in Year 2 and thereafter is expected to bo constant at some lever above 2.75%. Assunne mat the theory holds and the real risk-fren rate (r ) is 3.5% lf the yield on 3 year Tre asury bonds equals the 1-year y eld plus 3 5% what infato ate is expected after rear your answer to two decimal places 2 5 s lock