Question: 2 points Suppose that the current one-year rate and expected one-year T-bill rates over the following three years (ie., years 2,3, and 4, respectively) are

 2 points Suppose that the current one-year rate and expected one-year

2 points Suppose that the current one-year rate and expected one-year T-bill rates over the following three years (ie., years 2,3, and 4, respectively) are as follo 1R1 = 1.87%, E(2r1) =4.38%, E(3rl) = 6.95%, E(4rl) = 7.81% Using the unbiased expectations theory, calculate the current (long-term) rates for four-year-maturity Treasury securities (Write your answer in percentage and round it to 2 decimal places) current rate for three-year-maturity

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