ABC Pharmaceuticals' new rheumatoid arthritis drug recently passed phase III clinical trials. As the CFO, you plan to invest $100 million into a new drug launch in 2 years (after the FDA review process). To finance this project, you plan to borrow $100 million in 2 years for 1 year. You want to lock in an interest rate today. Suppose that the spot interest rates in the market today are as follows:

Maturity (years)	Spot rate
1	1%
2	2%
3	3%

What is the fair interest rate (i.e., the forward rate) at which you can lock in your loan? (Note: Your answer should be a number in percentage form. Do not enter '%'.)

____%