Suppose the rate of return on a 10 -year T-bond is 4.05%, the expected average rate of inflation over the next 10 years is 2.0%, the MRP on a 10 -year T-bond is 0.9%, no MRP is required on a TIPS, and no liquidity premium is required on any Treasury security. Given this information, what should the yield be on a 10 -year TIPS? (Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.) (Round your final answer to 2 decimal places)