The sport rate on a one year bond is 2.6%, the spot rate on a two year bond is 2.5%, the spot rate on a three year bond is 2.4%, and the spot rate on a four year bond is 2.25%. What is the impied forward rate on a two year bond, one year from today? (show work)

a) 2.25%

b) 2.26%

c) 2.13%

d) 2.34%