Use the data on Treasury securities in the following table to answer the? question:
Date 1 year 2 year 3 year
03/05/2010 0.37% 0.88?% 1.63?%
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 0.05?% and the term premium on a? three-year Treasury note was 0.06?%?
The expected interest rate is %. ?(Round your response to two decimal? places.)