Assume the current interest rate on a one-year Treasury bond ( R) is 2.49 percent, the current rate on a two-year Treasury bond (12) is 2.65 percent, and the current rate on a three-year Treasury bond (Ra) is 2.76 percent. If the unbiased expectations theory of the term structure of interest rates is correct, what is the one-year interest rate expected on T-bills during year 3 (gr) or fu)? (Do not round Intermediate calculations. Round your answer to 2 decimal places. (e.g. 32.16)) Interest rate expected during year 3