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The Wall Street Journal reports that the rate on 4-year Treasury securities is 1.30 percent and the rate on 6-year Treasury securities is 2.25 percent.

The Wall Street Journal reports that the rate on 4-year Treasury securities is 1.30 percent and the rate on 6-year Treasury securities is 2.25 percent. According to the unbiased expectations theories, what does the market expect the 2-year Treasury rate to be four years from today, E(r24) ? Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).

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