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The real risk-tree rate is 3 percent. The inflation rate is expected to be 7 percent for the next two years, 8 percent for Years

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The real risk-tree rate is 3 percent. The inflation rate is expected to be 7 percent for the next two years, 8 percent for Years 3 and 4, and 9 percent for each year thereafter. The liquidity and default risk premiums are equal to zero for Treasury securities. The 5-year Treasury bonds yield 0,45 percent more than 4-year Treasury bonds, and the maturity risk premium on the 5-year Treasury bonds (MRP) is 0,7 percent. What is the maturity risk premium on the 4-year Treasury bonds (MRP)

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