Question 5 (of 12) E) Save & Exit 11 Submit 5. a 8.34 points Problem 6-25 Unbiased Expectations Theory (LG6-5) Suppose we observe the 3-year Treasury security rate (1R3) to be 8 percent, the expected 1-year rate next year-E(2r1)to be 5 percent, and the expected 1-year rate the following year -E(3r1)-to be 5 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the 1-year Treasury security rate, 1R1? (Round your answer to 2 decimal places.) Treasury security rate References eBook& Resources Worksheet Problem 6-25 Unbiased Expectations Theory (LG6-5)