Assume the current interest rate on a 1-year Treasury bond (1R1) is 5.10 percent, the current rate on a 2-year Treasury bond GR) Is 5.85 percent, and the current rate on a 3-year Treasury bond (1Rs) is 7.10 percent. If the unbiased expectations theory of the term structure of interest rates is correct, what is the 1-year forward rate expected on Treasury bills during year 3, 3fi? (Do not round intermediate calculations. Round your answer to 2 decimal places.) int Expected forward rate One-year Treasury bills currently earn 3.80 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 4.00 percent. The liquidity premium on 2-year securities is 0.09 percent. If the liquidity theory is correct, what should the current rate be on 2-year Treasury securities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current rate Dakota Corporation 15-year bonds have an equilibrium rate of return of 9 percent. For all securities, the inflation risk premium is 1.60 percent and the real risk-free rate is 3.30 percent. The security's liquidity risk premium is 1.05 percent and maturity risk premium is 1.65 percent. The security has no special covenants. Calculate the bond's default risk premium. (Round your answer to 2 decimal places.) Default risk premium