You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, 2f1? (Round your answer to 2 decimal places.)
Maturity Yield
One day 2.50%
One year 6.00
Two years 7.00
Three years 9.50
Forward rate %
1 answer
14.10