You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, ₂f₁? (Round your answer to 2 decimal places.)

Problem 6-20 Forecasting Interest Rates (LG6-8) On March 11, the existing or current (spot) 1-, 2-, 3-, and 4-year zero-coupon Treasury security rates were as follows: 1R1 = 0.65%, 1 R2 = 1.30%, 1 R3 = 1.70%, 1R4 = 1.85% Using the unbiased expectations theory, calculate the 1-year forward rates on zero-coupon Treasury bonds for years 2, 3, and 4 as of March 11. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Years Forward rates % 2 3 % 4 % Problem 6-19 Forecasting Interest Rates (LG6-8) You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, 2f1? (Round your answer to 2 decimal places.) Maturity One day One year Two years Three years Yield 2.30% 5.80 6.80 9.30 Forward rate %