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Assume the following rates (per annum): 90-day bank bills: 4.60% 180-day bank bills: 4.90% 270-day bank bills: 5.50% Based on the the approximate method, calculate

Assume the following rates (per annum):

90-day bank bills: 4.60%
180-day bank bills: 4.90%
270-day bank bills: 5.50%

Based on the the approximate method, calculate the 90-day forward rate (as a percentage) beginning in 180 days time. Round your final answer to 2 decimal places.

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