HOME INSERI PAGE DAIA REVIEW VIEW Calibri 11 % Paste BIU Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 B D E F G H Assume the current interest rate on a 1-year Treasury bond (R) is 6.50 percent, the current rate on a 2-year Treasury bond (R) is 7.25 percent, and the current rate on a 3-year Treasury bond GR) is 8.50 percent. If the unbiased expectations theory of the term structure of interest rates is correct, what is the 1-year forward rate expected on Treasury bills during year 3, 1,? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 5 6 7 8 R R R 6.50% 7.25% 8.50% 9 10 11 12 Complete the following analysis. Do not hard code values in your calculations. 13 14 15 16 zf 17 18 19 20 Sheet1 + 30% READY Attempt(s) Hint