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You are interested in buying 3-year Treasury bonds. If you expect one-year Treasuries to yield 1.6%, 4.5%, and 3.3% in each of the next three

You are interested in buying 3-year Treasury bonds. If you expect one-year Treasuries to yield 1.6%, 4.5%, and 3.3% in each of the next three years, respectively, what YTM do you expect for 3-year Treasuries? Report your answer as an annual rate in decimal format and show four decimal places. For example, if your answer is 5.35% per year, enter .0535.

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