TE eBook Interest rates on 4-year Treasury securities are currently 6.4%, while 6-year Treasury securities yield 7.45%. If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. An investor in Treasury securities expects inflation to be 2.2% in Year 1, 2.8% in Year 2, and 3.85% each year thereafter. Assume that the real risk-free rate is 1.75% and that this rate will remain constant. Three-year Treasury securities yield 5.90%, while 5-year Treasury securities yield 7.00%. What is the difference in the maturity risk premiums (MRPs) on the two securities; that is, what is MRP5 - MRP3? Do not round intermediate calculations. Round your answer to two decimal places