Consider the following spot interest rates for maturities of one, two, three, and four years.

r₁ = 4.4% r₂ = 5.2% r₃ = 5.9% r₄ = 6.7%

Consider the following spot interest rates for maturities of one, two, th and four years ree, 4.4% 2 5.2% 5.9% 6.7% What are the following forward rates, where f 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. Omit the sign in your response.) 2,1 3.1