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A recent edition of The Wall Street Journal reported interest rates of 9.75 percent, 10.10 percent, 10.48 percent, and 10.75 percent for 3-, 4-, 5-,

image text in transcribed A recent edition of The Wall Street Journal reported interest rates of 9.75 percent, 10.10 percent, 10.48 percent, and 10.75 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)

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