Term Structure A 1-year Treasury bill currently offers a 5% rate of return. A 2-year Treasury note offers a 5.5% rate of return. Under the expectations theory, what rate of return do investors expect a 1-year Treasury bill to pay next year? The rate of return investors expect a 1-year Treasury bill to pay next year is %. (Round to two decimal places.) 52 52 53 54 56 57 58 59 60 61 62 63 Enter your answer in the answer box. ? 64 Read