Problem 13-06 The table below shows the current coupon yields to maturity and spot rates of interest for six U.S. Treasury securities. Assume nii securities pay interest annually. 5.25% YIELDS TO MATURITY AND SPOT RATES OF INTEREST Current Coupon Sport Rate Term to Maturity Yield to Maturity of Interest 1 year Treasury 5.25% 2 year Treasury 5.85 5.91 3-year Treasury 6.45 6.50 5-year Treasury 6.75 6.80 10-year Treasury 7.15 7.27 30-year Treasury 7.55 7.95 Compute the two-year implied forward rate three years from now, given the information provided in the preceding table. Do not round Intermediate calculations. Round your answer to two decimal places