Problem 6-12 Maturity Risk Premium

An investor in Treasury securities expects inflation to be 1.65% in Year 1, 3.2% in Year 2, and 4.15% each year thereafter. Assume that the real risk-free rate is 2.25%, and that this rate will remain constant. Three-year Treasury securities yield 6.05%, while 5-year Treasury securities yield 7.20%. What is the difference in the maturity risk premiums (MRPs) on the two securities; that is, what is MRP₅ - MRP₃? Round your answer to two decimal places.