Chapter $06$ Homework $i$

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$3$

You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the $1-$year forward rate for the period beginning one year from today, ${?}_2{f}_1?$

Note: Do not round intermediate calculations. Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered

$10$ as $12\mathrm{.}34).$

points

$\backslash$table$[[,$Maturity,Yield$],[,$One day,$2\mathrm{.}45\%$