On March 11, 20XX, the existing or current (spot) 1-, 2-, 3-, and 4-year zero coupon Treasury security rates were as follows:

Question

1R1 = 0.40%, 1R2 = 1.00%, 1R3 = 1.40%, 1R4 = 1.55%
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, 20XX. (Do not round intermediate calculations and round your answers to 2 decimal places.)
Years Forward rates
2. %
3. %
4. %