The price of a $10,000 par value, zero-coupon bond that matures in 1 yr is $9,500. The price of a $10,000 par value, zero-coupon bond that matures in 2 yrs is $9,300. The second yr forward rate has a liquidity premium of 1%. What is the 2nd yr expected short rate (ex., expected 1 yr interest rate between t=1 and t=2)? Show all work in detail.