11 - 3.20 Consider the following spot interest rates for maturities of one, two, three, and four years. 12 - 4.64 13 - 5.1 14 - 6.10 What are the following forward rates, where M, & refers to a forward rate for the period beginning in one year and extending for k years? Use the equation (1+r4)(1+1, 6)* = (1 + rk+7+1 to solve forf, k. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) 11,1 % 11,2 11,3 % %