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Consider the following spot interest rates for maturities of one, two, three, and four years. r 1 = 5 . 4 % , r 2

Consider the following spot interest rates for maturities of one, two, three, and four years.
r1=5.4%,r2=5.9%,r3=6.6%,r4=7.4%
What are the following forward rates, where fk,1 refers to a forward rate beginning in k years and
extending for 1 year? (Do not round intermediate calculations. Enter your answers as a percent
rounded to 2 decimal places.)
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