At its most recent meeting, the FOMC adopted a new federal funds rate target range of 0.75-10 percent. Currently, 90-day Treasury bills are trading at a price of 99.7925% (of face value). Moreover, you know that the T-bill discount yield Is 15 basis points below the effective federal funds rate. What is the effective federal funds rate? (Enter your answer as a percentage and round to the nearest hundredth of a percent. For instance, If your answer is 1.2874%, enter 1.29.)