Suppose the real risk-free rate is 4.25% and the future rate of inflation is expected to be constant at 2.30%. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is valid? Include cross-product terms, i.e., if averaging is required, use the geometric average. (Round your final answer to 2 decimal places.) a. 6.55% b. 4.35% c. 2.40% d. 4.25% e. 6.65%