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Today is January 2, 2022, and investors expect the annual nominal risk-free interest rates in 2022 through 2024 to be: Year One-Year Rate (r RF

Today is January 2, 2022, and investors expect the annual nominal risk-free interest rates in 2022 through 2024 to be:

Year One-Year Rate (rRF)
2022 2.1 %
2023 1.7
2024 2.5

Assume the bonds have no risks.

  1. What is the yield to maturity for Treasury bonds that mature at the end of 2023 (a two-year bond)? Round your answer to one decimal place.

    %

  2. What is the yield to maturity for Treasury bonds that mature at the end of 2024 (a three-year bond)? Round your answer to one decimal place.

    %

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