Suppose that the interest rate on a one-year Treasury bill is currently 5% and that investors expect that the interest rates on one-year Treasury bills over the next three years will be 6%, 7%, and 5%. Use the expectations theory to calculate the current interest rates on two-year, three-year, and four-year Treasury notes.

The current interest rate on two-year Treasury notes is %. (Round your response to two decimal places.)

The current interest rate on three-year Treasury notes is %. (Round your response to two decimal places.)

The current interest rate on four-year Treasury notes is %. (Round your response to two decimal places.)