Problem $6-18$ Spreadsheet Problem: Forecasting Interest Rates $($LG$6-8)$

On March $11,$ the existing or current $($spot$)1-,2-,3-,$ and $4-$year zero$-$coupon Treasury security rates were as follows:

${?}_1{R}_1=0\mathrm{.}45\%,{?}_1{R}_2=1\mathrm{.}10\%,{?}_1{R}_3=1\mathrm{.}50\%,{?}_1{R}_4=1\mathrm{.}65\%$

Using the unbiased expectations theory, calculate the $1-$year forward rates on zero$-$coupon Treasury bonds for years $2,3,$ and $4$ as of March $11.$

Note: Do not round internediate calculations. Round your percentage answers to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$

$\backslash$table$[[$Years$,$Forward rates$],[2,\%$