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Suppose that the current 1 - year rate ( 1 - year spot rate ) and expected 1 - year T - bill rates over

Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2,3, and 4, respectively) are as follows:
11R1=3.18%,E(2r1)=4.60%,E(3r1)=5.10%,E(4r1)=6.60%
Using the unbiased expectations theory, calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities.(Do not round intermediate calculations. Round your answers to 2 decimal places.)
\table[[Years,\table[[Current (Long-term)],[Rates]],],[1,,%
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