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Suppose that the current one-year rate (one-year spot rate) and expected one year T-bill rates over the following three years tie. years 2, 3, and

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Suppose that the current one-year rate (one-year spot rate) and expected one year T-bill rates over the following three years tie. years 2, 3, and 4, respectively) are as follows. 1R1 -0.4x, 1) - 1.4%, () - 18.6%, E(1) - 10.95% Using the unbiased expectations theory, calculate the current (long-term) rates for one, two, three-, and four-year-maturity Treasury securities. (Round your percentage answers to 3 decimal places. (e.g.,321519) Current (Long-Term) Rates % * One year Two-year Three year Four-year %

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