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

r₁ = 6.3% r₂ = 6.7% r₃ = 7.4% r₄ = 8.2%

What are the following forward rates, where f_{1, k} refers to a forward rate for the period beginning in one year and extending for k years? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

f_1,1

%

f_1,2

%

f_1,3

%

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

r₁ = 3.8% r₂ = 4.2% r₃ = 4.9% r₄ = 5.7%

What are the following forward rates, where f_k,1 refers to a forward rate beginning in k years and extending for 1 year? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

f2,1	%
f3,1	%

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%

Assuming a constant real interest rate of 2 percent, what are the approximate expected inflation rates for the next four years? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

I1	%
I2	%
I3	%
I4	%