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Consider the following US treasury rate table expressed in percentage. Maturity t Yield R ( 0 , t ) Yesterday Last Week Last Month 6

Consider the following US treasury rate table expressed in percentage.
Maturity
t
Yield
R(0,t)
Yesterday Last Week Last Month
6 Month 2.652.351.851.55
1 Year 2.752.702.201.90
2 Year 2.102.902.402.10
3 Year 5.404.654.153.85
5 Year 4.804.702.203.90
10 Year 5.004.904.404.10
30 Year 5.505.304.804.50
The forward rate F(2,1) is the rate that applies to borrowing or lending starting in 2 years from today for an additional year. F(2,1) today is equal to: Answer in percentage with two digits decimal accuracy. Example 10.34

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