16.Forecasting Interest Rates On May 23, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows:

₁R₁ = 5.35%, ₁R₂ = 5.85%,₁R₃ = 6.35%, ₁R₄ = 6.55%

Using the unbiased expectations theory, what is the one-year forward rate on zero-coupon Treasury bonds for year four as of May 23, 20XX

22.34%

6.025%

6.55%

7.15%