Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years 1R1=3%,E(2r1)=4%,E(3r1)=4.50%,E(4r1)=4.85%
Using the unblased expectations theory. calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities. (Round your answers to 2 decimal ploces.)