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One-year Treasury bills currently earn 2.45 percent. You expected that one year from now, 1-year Treasury bill rates will increase to 2.95 percent and that

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One-year Treasury bills currently earn 2.45 percent. You expected that one year from now, 1-year Treasury bill rates will increase to 2.95 percent and that two years from now. 1-year Treasury bill rates will increase to 3.35 percent. If the unbiased expectations theory is correct, what should the current rate be on 3-year Treasury securities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Current rote 2.62

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