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The yield to maturity on 1-Y and 2-Y bonds is equal to 0%. The yield on 3-Y and 4-Y bonds is equal to 2 and

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The yield to maturity on 1-Y and 2-Y bonds is equal to 0%. The yield on 3-Y and 4-Y bonds is equal to 2 and the yield on 5-year bonds is equal to 5%. Please compute the expected short-term rate 4 years from now (i.e. this is the interest rate between Year 4 and Year 5). Enter your answer as a percentage e.g. 0.03567 should be entered as 3.57

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