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: 1R1 = 3.02%, E(2r1) = 4.40%, E(3r1) = 4.90%, E(4r1) = 6.40% Using the unbiased expectations theory, calculate the current (long-term) rates for 1-, 2-, 3-, and 4-year-maturity Treasury securities. (Round your answers to 2 decimal places.) (Do not round intermediate calculations)

Year Current (Long-term)

Year 1 --> ?%

Year 2 --> ?%

Year 3 --> ?%

Year 4 --> ?%