Suppose we observe the 3-year Treasury security rate (123) to be 6 percent, the expected 1-year rate next year-- Eru-to be 4 percent, and the expected 1-year rate the following year-E(311)-to be 4 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the 1-year Treasury security rate, 1R2? (Round your answer to 2 decimal places.) Treasury security rate % Suppose we observe the 3-year Treasury security rate (123) to be 6 percent, the expected 1-year rate next year-- Eru-to be 4 percent, and the expected 1-year rate the following year-E(311)-to be 4 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the 1-year Treasury security rate, 1R2? (Round your answer to 2 decimal places.) Treasury security rate %