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A recent edition of The Wall Street Journal reported interest rates of 3 . 2 5 percent, 3 . 6 0 percent, 3 . 9

A recent edition of The Wall Street Journal reported interest rates of 3.25 percent, 3.60 percent, 3.98 percent, and 4.25 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?
Note: Do not round intermediate calculations. Round your percentage answers to 2 decimal places (i.e.,0.1234 should be entered as 12.34).
\table[[Years,Forward Rates],[4,%
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