Calculate Interest Rates

Assume the current interest tate on a 1-year Treasury bond (R1) is 6.50 percent, the current rate on a 2-year Treasury bond (,R, is 725 percent, and the current rate on a 3-year Treasury bond (1R3) is 850 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, t,? (Do not round intermediate calculations Round your answer to 2 decimal places ) Complete the following analysis. Do not hard code values in your calculations