Question: eBook Problem 13-04 The following table shows yields to maturity on U.S. Treasury securities as of January 1, 2018: Term to Maturity Yield to Maturity

eBook Problem 13-04 The following table shows yields to maturity on U.S. Treasury securities as of January 1, 2018: Term to Maturity Yield to Maturity 1 year 3.40% 2 years 4.40% 3 years 5.20% 4 years 5.80% 5 years 6.30% 10 years 7.00% Based on the data in the table, calculate the implied forward one-year rate of interest at January 1, 2021. Do not round intermediate calculations. Round your answer to two decimal places. %

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