You are provided with information about the yield curves of treasury securities as follows:

The on-the-run yield curve is plotted using the yields of coupon bonds paying annual coupons, which are recently issued and traded at par. The pure yield curve is plotted using the yields of zero coupon bonds. Using the yields information above, which of the forward rates can be calculated? a 1-year loan beginning in five years a 3-year loan beginning in three years a 4-year loan beginning in one year a 2-year loan beginning in four years

Maturity (years) 1 On-the-run yield curve Pure yield curve 2.50% 2.50% 2.99% 3% WN 3.48% 3.50% 4% 4 3.95% 4.37% 5