A Recent Edition Of The Wall Street Journal Reported Interest Rates Of 5.75 Percent, 6.10 Percent, 6.48 Percent, And 6.75 Percent For 3-, 4-, 5-, And 6-Year Treasury Security Yields, Respectively. According To The Unbiased Expectation Theory Of The Term Structure Of Interest Rates, What Are The Expected 1-Year Forward Rates For Years 4, 5, And 6? (Do Not
A recent edition of The Wall Street Journal reported interest rates of 5.75 percent, 6.10 percent, 6.48 percent, and 6.75 percent for 3-, 4-, 5-, and 6-year Treasury security yields, respectively. According to the unbiased expectation theory of the term structure of interest rates, what are the expected 1-year forward rates for years 4, 5, and 6? (Do not round intermediate calculations. Round your answers to 2 decimal places.)