Question: One - year Treasury bills currenty earn 3 . 2 5 percent. You expect that one year from now, 1 - year Treasury bill rates

One-year Treasury bills currenty earn 3.25 percent. You expect that one year from now, 1-year Treasury bill rates wall increase to 3.45 percent. The liquidity premium on 2-year securities is 0.06 percent. If the liquidily premium theory is comect, what should the cument rate be on 2-year Treasury securities?
Note: Do not round intermediate catcutations. Aound your percentage answer to 2 decimal places (le,0.1234 ahould be antered as 12.34).
Cument rate
One - year Treasury bills currenty earn 3 . 2 5

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