The following table shows the prices of a sample of Treasury strips. Each strip makes a single payment at maturity.

Years to MaturityPrice, (% of face value)

1 . 97.852%

2 94.351

3 . 90.544

4 . 86.480

a.What is the 1-year interest rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b.What is the 2-year interest rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

c.What is the 3-year interest rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

d.What is the 4-year interest rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)