Assume the current interest rate on a one-year Treasury bond (1R1) is 2.33 percent, the current rate on a two-year Treasury bond (11R2) is 2.49 percent, and the current rate on a three-year Treasury bond (11R3) is 2.60 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(3r1) or 3f1) ? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g.,32.16))