The real risk-free rate is 0.90%. Inflation is expected to be 1.00% this year, 2.00% next year, and 3.00% thereafter. The maturity risk premium is estimated to be 0.01 (t 1)%, where t = number of years to maturity. What is the nominal interest rate on a 9-year Treasury security?

Question 86 options:

	3.567%
	6.980%
	3.647%
	2.980%