On May 23, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows: ₁R₁ = 4.55 percent, ₁R₂ = 4.75 percent, ₁R₃ = 5.25 percent, ₁R₄ = 5.95 percent Using the unbiased expectations theory, calculate the one-year forward rates on zero-coupon Treasury bonds for years two, three, and four as of May 23, 20XX.

Year 1: 4.95 percent; Year 2: 6.26 percent; Year 3: 8.08 percent

Year 1: 3.75 percent; Year 2: 6.02 percent; Year 3: 9.00 percent

Year 1: 4.95 percent; Year 2: 7.26 percent; Year 3: 8.08 percent

Year 1: 3.65 percent; Year 2: 6.32 percent; Year 3: 11.08 percent