Use the data on Treasury securities in the following table to answer the$$ question:

Date

$1$ year

$2$ year

$3$ year

$03/05/2010$

$0\mathrm{.}36\%$

$0\mathrm{.}86\%$

$1\mathrm{.}6\%$

$$ Source: U$.$S$.$ Department of the Treasury.

Assuming that the liquidity premium theory is$$ correct, on March$5,2010,$ what did investors expect the interest rate to be on the$$ one$-$year Treasury bill two years from that date if the term premium on a$$ two$-$year Treasury note was $0\mathrm{.}03\%$ and the term premium on a$$ three$-$year Treasury note was $0\mathrm{.}07\%?$

The expected interest rate is

$$

enter your response here$\%.($Round your response to two decimal$$ places.$)[$Related to Solved Problem $5\mathrm{.}2$b$]$ Use the data on Treasury securities in the following table to answer the question:

$\backslash$table$[[$Date$,1$ year,$2$ year,$3$ year$],[\frac{03}{05}\frac{?}{2010},0\mathrm{.}36\%,0\mathrm{.}86\%,1\mathrm{.}6\%$