The YTMs on benchmark one$-$year, two$-$year, and three$-$year annual pay bonds that are priced at par are listed in the table below.

Bond Yield

$1-$year $2\mathrm{.}29$

$2-$year $3\mathrm{.}38$

$3-$year $4\mathrm{.}44$

What is the three$-$year spot rate for no$-$arbitrage pricing? Enter answer in percents.