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eBook The real risk-free rate is 2.7%. Inflation is expected to be 2% this year, 3.95% next year, and 3.05% thereafter. The maturity risk premium

eBook The real risk-free rate is 2.7%. Inflation is expected to be 2% this year, 3.95% next year, and 3.05% thereafter. The maturity risk premium is estimated to be 0.05 (t - 1)%, where t = number of years to maturity. What is the yield on a 7-year Treasury note? Do not round intermediate calculations. Round your answer to two decimal places

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