Suppose expected future short rates and the liquidity premiums are given by the following: E(r₁)=r₁=1%, E(r₂)= 2%, and E(r₃)=3%; and _t=(2t+1)% for all t>1 where the subscripts denote the year, e.g., r₁ is the future short rate in year 1. What is the expected yield in year 3 under the Liquidity Preference Theory (express your answer as a percentage and round it to two decimal places)?