25. WXY Securities has announced that the following interest rates are being paid on U.S. government bonds purchased today: One-year maturity: pays 6.15% annual interest for one year Two-year maturity: pays 6.45% annual interest gach year for two years Three-year maturity: pays 6.85% annual interest dach year for three years Compute and identify the applicable implied forward rates, based on our additive approximation approach