Consider the following spot interest rates for maturities of one, two, three, and four years. r1 = 5.5% 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. Omit the "%" sign in your response.)

Consider the following spot interest rates for maturities of one, two, three, and four years. r1 5.5% r2 5.9% r3 6.6% 7.4% What are the following forward rates, where fk1 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