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Consider the following spot interest rates for maturities of one, two, three, and four years. r1=5.4%r2=5.5%r3=6.6%r4=7.4% What are the following forward rates, where f1,k refers
Consider the following spot interest rates for maturities of one, two, three, and four years. r1=5.4%r2=5.5%r3=6.6%r4=7.4% What are the following forward rates, where f1,k refers to a forward rate for the period beginning in one year and extending for k years Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places
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