Finance $(2023/2024$ Spring Term $(1233))($OE$01)$new & PrepMid

Forward rates.

Give the following information about the yields:

one year rate $2\mathrm{.}99\%$

two year rate $3\mathrm{.}93\%$

three year rate $4\mathrm{.}79\%$

Calculate the following:

a$.$ The one$-$year forward rate in year two is

Number $\%$

Round your answer to two decimals.

b$.$ The one$-$year forward rate in year three is $$

Round your answer to two decimals