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The yield on the 5-year T-Bond is 5.4%. The 2-year T-Bond has a yield of 5%. The real risk-free rate of interest is expected to

The yield on the 5-year T-Bond is 5.4%. The 2-year T-Bond has a yield of 5%. The real risk-free rate of interest is expected to remain constant at 3%. Assume that the expectations theory is correct. What is the average annual expected inflation for the 3-year period during Years 3 through 5?

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