Dynamic Valuation Int Rates - VLIL ch 4

This is a minor point, and maybe I'm the only one who's noticed, but the table on pg 61 (and in the downloadable spreadsheet) has an r1 = .1371 for 1981, .1570 for 1982, etc. According to the formula on page 56, r1 = min(rcr,.09), so this r1 should actually be .09, not .1371?



Did I just miss some exception to the rule?

Dynamic Valuation Int Rates - VLIL ch 4