The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.95 percent and the rate on 8-year Treasury securities is 2.90 percent. According to the unbiased expectations hypothesis, what does the market expect the 2-year Treasury rat

The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.95 percent and the rate on 8-year Treasury securities is 2.90 percent. According to the unbiased expectations hypothesis, what does the market expect the 2-year Treasury rate to be six years from today, E(₆r₂)? (Do not round intermediate calculations and round your answer to 2 decimal places.)