points eBook Print References Check my workCheck My Work button is now enabled Item 8 Problem 6-10 Liquidity Premium Theory (LG6-7) One-year Treasury bills currently earn 2.55 percent. You expect that...

One-year Treasury bills currently earn 2.55 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 2.75 percent and that two years from now, 1-year Treasury bill rates will increase to 3.25 percent. The liquidity premium on 2-year securities is 0.05 percent and on 3-year securities is 0.15 percent. If the liquidity premium theory is correct, what should the current rate be on 3-year Treasury securities?(Do not round intermediate calculations. Round your answer to 2 decimal places.)