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Suppose today is January 2,2022 , and investors expect the annual nominal risk-free interest rates in 2024 and 2025 to be: Currently a two-year Treasury

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Suppose today is January 2,2022 , and investors expect the annual nominal risk-free interest rates in 2024 and 2025 to be: Currently a two-year Treasury bond that matures on December 31, 2023 has an interest rate equal to 1.4 percent. What is the yield to maturity for Treasury bonds that mature at the end of (a) 3024 (a three-year bond) and (b) 2025 (a four-year bond)? Assume the bonds have no risks. (L.0 5-3)

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