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

1 R 1 = 2.94%, E( 2 r 1 ) = 4.00%, E( 3 r 1 ) = 4.74%, E( 4 r 1 ) = 5.10%

In addition, investors charge a liquidity premium on longer-term securities such that L 2 = 0.10%, L 3 = 0.20%, L 4 = 0.30%

Using the liquidity premium theory, construct the yield curve.