Assume the current interest rate on a is 6.50 percent, the current rate on a 2-year Treasury bond (R2) is 7.25 percent, and the current rate on a GR3) is 8.50 percent. If the unbiased expectations theory of the iterm structure of interest rates is correct, what is the 1-year forward rate expected on Treasury bills during year 3, 3f,? (Do inot round intermediate calculations. Round your answer to 2 idecimal places.) 1-year Treasury bond (,R,) 3-year Treasury bond 6.50% R2 7.25% 8.50% Complete the following analysis. Do not hard code values in your calculations. Shoot1