Assume the current interest rate on a 1year Treasury bond (111) is 5.30 percent, the current rate on a 2-year Treasury bond (1 R2) is 6.05 percent, and the current rate on a 3 year Treasury bond (223) is 7.30 percent if the unbiased expectations theory of the term structure of interest rates is correct, What is the 1-year forward rate expected on Treasury bills during year 3, a f1 ? (Do not round intermediate calculations. Round your answer to 2 decimal places.)