Problem 6-25 Unbiased Expectations Theory (LG6-7) Suppose we observe the 3-year Treasury security rate GR3) to be 6 percent, the expected 1-year rate next year-E(21)--to be 3 percent, and the expected 1-year rate the following year-E(391)--to be 3 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the 1-year Treasury security rate, 1Rz? (Round your answer to 2 decimal places.) Treasury security rate