The real risk-free rate of interest is 1 percent. Inflation is expected to be 3 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). According to the expectations theory, what should be the interest rate on 1-year, risk-free securities today? 4.50% 5.50% 5.00% 3.50% 4.00%