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The real risk-free rate is 4.32%. Inflation is expected to be 3.24% this year and 2.56% during the next 3 years. Assume that the maturity

The real risk-free rate is 4.32%. Inflation is expected to be 3.24% this year and 2.56% during the next 3 years. Assume that the maturity risk premium is zero. What is the yield on 3-year treasury securities? State your answer as a percentage to 2 decimal places. Do not include the % symbol.

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