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

A recent edition of The Wall Street Journal reported interest rates of 2.25 percent, 2.60 percent, 2.98 percent, and 3.25 percent for 3-,
4-,5-, and 6-year Treasury security yields, respectively. According to the unbiased expectation theory of the term structure of interest
ates, what are the expected 1-year forward rates for years 4,5, and 6?(Do not round intermediate calculations. Round your answers
to 2 decimal places.)
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