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The real risk - free rate is 2 . 8 5 % . Inflation is expected to be 3 . 8 5 % this year,

The real risk-free rate is 2.85%. Inflation is expected to be 3.85% this year, 4.15% next year, and 2.1% thereafter. The maturity risk premium is estimated to be 0.05\times (t -1)%, where t = number of years to maturity. What is the yield on a 7-year Treasury note? Do not round intermediate calculations. Round your answer to two decimal places.
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