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The real risk-free rate is 3%. Inflation is expected to be 2.2% this year, 4.1% next year, and 3.25% thereafter. The maturity risk premium is

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The real risk-free rate is 3%. Inflation is expected to be 2.2% this year, 4.1% next year, and 3.25% thereafter. The maturity risk premium is estimated to be 0.05 (t. 19%, where t number of years to maturity. What is the yield on a 7-year Treasury note? Do not round your intermediate calculations. Round your answer to two decimal places. 96

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