16 Had enough yet? Okay, plow on for more. These should be free points by now you have the following assumptions and spot rates - solve for the implied forward rates One-year rate Two-year rate Three-year rate Four-year rate Implied forward 1 year rate ,f 2?? 0.860% 22? ??? 1.120 % 1.340% ??? 1.840% at time t I (in one year) at time 1-2 (in nro years) Implied forward 1 year rate ,f at time t 1 (in one year) Implied forward 2 year rate ,f at time 1 3 (in three years) Implied forward1 year rate ,f at time t- 2 (in two years) Implied forward 2 year rate ,,f