One-year Treasury bills currently earn 1.50 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 1.70 percent. If the unbiased expectations theory is correct, what should the current rate be on 2-year Treasury securities? (Round your answer to 2 decimal places.)

Required: If the unbiased expectations theory is correct, what should the current rate be on two-year Treasury securities? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Current rate %