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Market quotes for spot rates for the next four years are listed below. 1-yr 3.40% 2-yr 3.60% 3-yr 3.75% 4-yr 3.80% Calculate the forward rate

Market quotes for spot rates for the next four years are listed below. 1-yr 3.40% 2-yr 3.60% 3-yr 3.75% 4-yr 3.80% Calculate the forward rate for a 1 year time period starting at the end of year 3 through the end of year 4 (stated in percentage points).

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