Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 1 R 1 = 6%, E ( 2 r 1 )...

Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows:



₁
R
₁ = 6%,E(₂
r
₁) = 7%,E(₃
r
₁) = 7.5%,E(₄
r
₁) = 7.85%


Using the unbiased expectations theory, calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities.(Round your answers to 2 decimal places.)