Question: Problem 9-22 Forward Interest Rates (LO3, CFA9) Consider the following spot interest rates for maturities of one, two, three, and four years. ri = 6.4%

Problem 9-22 Forward Interest Rates (LO3, CFA9) Consider the following spot

Problem 9-22 Forward Interest Rates (LO3, CFA9) Consider the following spot interest rates for maturities of one, two, three, and four years. ri = 6.4% r2 = 7.0% r3 = 7.7% r4 = 8.5% What are the following forward rates, where fk, refers to a forward rate beginning in k years and extending for 1 year? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) f2,1 % f3,1 % Problem 9-22 Forward Interest Rates (LO3, CFA9) Consider the following spot interest rates for maturities of one, two, three, and four years. ri = 6.4% r2 = 7.0% r3 = 7.7% r4 = 8.5% What are the following forward rates, where fk, refers to a forward rate beginning in k years and extending for 1 year? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) f2,1 % f3,1 %

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