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Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (t.e., years 2,3, and 4 ,

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Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (t.e., years 2,3, and 4 , respectively) are as follows: 11=6%,E2r1)=7%,3r1)=7.5%,E(4r1)=7.85% Using the unbiased expectations theory, calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct

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