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Consider the following spot interest rates for maturities of one, two, three, and four years. ri = 6.1% r2 = 6.7% r3 = 7.4% r4

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Consider the following spot interest rates for maturities of one, two, three, and four years. ri = 6.1% r2 = 6.7% r3 = 7.4% r4 = 8.2% 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.) f2,1 % f3,1 %

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