Question 29 (2 points) You check the spot curve and find that the 1-year spot rate is 9.12%, the 2-year spot rate is 9.49%, the 3-year spot rate is 9.69%, the 4-year spot rate is 9.35%, and the 5-year spot rate is 6.59%. You believe in the liquidity preference theory and assume that there is a constant liquidity premium of 2.50%. What is the 3-year short rate? Your answer should be in percentage points to 2 decimal places (ex: 2.50). Your