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The Wall Street Journal reports that the rate on four-year Treasury securities is 1.3 percent and the rate on five-year Treasury securities is 2.8 percent.

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The Wall Street Journal reports that the rate on four-year Treasury securities is 1.3 percent and the rate on five-year Treasury securities is 2.8 percent. According to the unbiased expectations theory, what does the market expect the one-year Treasury rate to be four years from today, E15.1)? (Do not round Intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16)) Expected one-year Treasury rato %

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