The following table shows yields to maturity on U.S. Treasury securities as of January 1, 2018: Yield to Maturity 3.30% 4.10% Term to Maturity 1 year 2 years 3years 4 years 5years 10years 4.50% 5.10% 5.80% 6.50% Based on the data in the table, calculate the implied forward one-year rate of interest at January 1, 2021. Do not round intermediate calculations. Round your answer to two decimal places. %