You have estimated spot interest rates as follows: Year 1=6,Year 2=6.4,Year 3=6.8,Year 4=7, and Year 5=7.1. These rates are annualized rates for the period now(t=0). A) What are the implied forward rates for each period? B)What can you deduce about the one-year spot rate four years from now(from t=4 to t=5) if i)the expectations theory is correct? ii)the liquidity premium theory is correct? You do no know what the liquidity premiums are, but you do know some characteristics about what they normally are.