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eBook An investor in Treasury securities expects inflation to be 1.7% in Year 1, 2.0% in Year 2, and 2.95% each year thereafter. Assume that

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eBook An investor in Treasury securities expects inflation to be 1.7% in Year 1, 2.0% in Year 2, and 2.95% each year thereafter. Assume that the real risk-free rate is 2.35% and that this rate will remain constant. Three-year Treasury securities yield 5.90%, while 5-year Treasury securities yield 7.00%. What is the difference in the maturity risk premiums (MRP) on the two securities; that is, what is MAPY - MRP3? Do not round Intermediate calculations. Round your answer to two decimal places

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