The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.60 percent and the rate on 7-year Treasury securities is 2.15 percent. According to the unbiased expectations theory, what does the market expect the 1-year Treasury rate to be six years from today, E(r17) ?

Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).

Treasure rate?