Suppose the real risk-free rate is 3.50% and the future rate of inflation is expected to be constant at 3.20%. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is valid? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average. a. 3.35% b. 3.61% c. 5.10% d. 3.50% e. 6.70%