Suppose we observe the three year Treasury security rate (11) to be 5.7 percent, the expected one year rate next year-on) to be 6.3 percent, and the expected one-year rate the following year-5(37)-to be 67 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the one-year Treasury security rate? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) One-year Treasury security rate