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Assume that the Pure Expectation Theory determines interest rates in the markets. Today's market rates...

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Finance

Assume that the Pure Expectation Theory determines interest rates in the markets. Today's market rates for different maturities are as follows:

1 year = 3.8%

2 years = 4.4%

3 years = 6%

4 years = 6.9%

5 years = 7.8%

What is the implied 2 year interest rate for investing in 3 years?

Enter your answer as a percentage, without the percentage sign ('%'), and rounded to 1 decimal. For example. if your answer is 7.2134%, just enter 7.2

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