Suppose that on January 1,2022 , the price of a one-year Treasury bill-with a face value of $1,000-is $944.96. Investors expect that the inflation rate will be 5% during 2022 , but at the end of the year, the inflation rate turns out to have been 4%. The nominal interest rate on the bill (measured as the yield to maturity) is \%. (Round your response to two decimal places.)