Assume the current interest rate on a one-year Treasury bond (181) is 2.42 percent, the current rate on a two-year Treasury bond (182) is 2.58 percent, and the current rate on a three-year Treasury bond (183) is 2.69 percent. If the unbiased expectations theory of the term structure of interest rates is correct, what is the one-year interest rate expected on Treasury bills during year 3 (E(301) or 3f1)? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16)) One-year interest rate expected during year 3 %

Assume the current interest rate on a one-year Treasury bond (1k1) is 2.42 percent, the current rate on a two-year Treasury bond (1t2) is 2.58 percent, and the current rate on a three-year Treasury bond (f1f3) is 2.69 percent. If the unbiased expectations theory of the term structure of interest rates is correct, what is the one-year interest rate expected on Treasury bilis during year 3((3r1) or f1) ? (Do not round intermediate calculations. Round your percentoge onswer to 2 decimal places. (e.g., 32.16 ))