The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 2.35 percent and on 10-year Treasury bonds is 4.35 percent. Assume that the maturity risk premium is zero. Calculate...

The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 2.35 percent and on 10-year Treasury bonds is 4.35 percent. Assume that the maturity risk premium is zero. Calculate the expected rate on a 5-year Treasury bond purchased five years from today,E(₅
r
₅).(Do not round intermediate calculations. Round your answer to 2 decimal places.)