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

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Suppose that the current one-year rate (one-year spot rate) and expected one-year l-bill rates over the following three years (I.e., years 2,3 , and 4 , respectively) are as follows: 1R1=0.5%,E(2r1)=1.5%,E(3r1)=8.6%,E(4r1)=8.95% 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., 32.161))

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