Answer the following questions using expectations theory:

A) The interest rate on a 1-year bond in period t is 5 percent; the interest rate on a 2-year bond in period t+1 is 9 percent. What is the implicit forward interest rate in t+1? Show your work and circle your final answer.

B) If the interest rate on a 1-year bond in period t is 4 percent, and the implicit forward interest rate on a 1-year bond in period t+1 is 6 percent, then what does the interest rate equal on a 2-year bond in period t+1? Show your work and circle your final answer.

C) The interest rate on a 1-year bond in period t is 6 percent, the implicit forward interest rate in t+1 is 7 percent, and the interest rate on a 3-year bond in period t+2 is 7 percent. What does the implicit forward interest rate equal in period t+2? Show your work and circle your final answer.