Suppose that the interest rate on a$$ one$-$year Treasury bill is currently $33\%$ and that investors expect that the interest rates on$$ one$-$year Treasury bills over the next three years will be $44\%,55\%,$ and $33\%.$ Use the expectations theory to calculate the current interest rates on$$ two$-$year, three$-$year, and$$ four$-$year Treasury notes.

Part $2$

The current interest rate on$$ two$-$year Treasury notes is enter your response here$\%.($Round your response to two decimal$$ places.$)$