On March 11, 20XX, the existing or current (spot) one year, two year, three year, and four year zero coupon Treasury security rates were as follows 1 R 1 2 38 , 1 R 2 2 56 , 1 R 3 2 78 , 1 R 4 2 91 Using the unbiased expectations theory, calculate the one year forward rates on zero coupon Treasury ...

One year forward rate 2 Year ...

On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security

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Question:

On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows:

₁R₁ = 2.38%, ₁R₂ = 2.56%, ₁R₃ = 2.78%, ₁R₄ = 2.91%

Using the unbiased expectations theory, calculate the one-year forward rates on zero-coupon Treasury bonds for years two, three, and four as of March 11, 20XX. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))