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The real risk-free rate is 2.75%. Inflation is expected to be 3.75% this year, 5.25% next year, and 2.1% thereafter. The maturity risk premium is

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The real risk-free rate is 2.75%. Inflation is expected to be 3.75% this year, 5.25% next year, and 2.1% thereafter. The maturity risk premium is estimated to be 0.05 (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 96

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