Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the...

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Suppose that the current 1-year rate (1-year spot rate) andexpected 1-year T-bill rates over the following three years (i.e.,years 2, 3, and 4, respectively) are as follows:
₁R₁ = 3.26%,E(₂r₁) = 4.70%,E(₃r₁) = 5.20%,E(₄r₁) = 6.70%

Using the unbiased expectations theory, calculate the current(long-term) rates for 1-, 2-, 3-, and 4-year-maturity Treasurysecurities. (Do not round intermediate calculations. Roundyour answers to 2 decimal places.)
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Suppose that the current 1-year rate (1-year spot rate) andexpected 1-year T-bill rates over the following three years (i.e.,years 2, 3, and 4, respectively) are as follows:1R1 = 3.26%,E(2r1) = 4.70%,E(3r1) = 5.20%,E(4r1) = 6.70%Using the unbiased expectations theory, calculate the current(long-term) rates for 1-, 2-, 3-, and 4-year-maturity Treasurysecurities. (Do not round intermediate calculations. Roundyour answers to 2 decimal places.)1234