Question: A two - year Treasury bill offers a 6 . 5 % yield to maturity. The market's concensus forecast is that one - year T

A two-year Treasury bill offers a 6.5% yield to maturity. The market's concensus forecast is that one-year T-bills will offer 7.3% next year. What is the current yield on a 1-year T-bill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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