Suppose we observe the three-year Treasury security rate (₁R₃) to be 5.8 percent, the expected one-year rate next yearE(₂r₁)to be 6.1 percent, and the expected one-year rate the following yearE(₃r₁)to be 6.7 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))