1. Given the same interest rates and the liquidity premium for years 2, 3, 4 are as follows. L2=1%, L3=2%, L4=3%. According to the Theory of the Liquidity premium, the first year's one year interest rates R 1 =1.94%, and the expected one year rates for the following years are as follows, respectively. El 21 )=3%, El 3r 1)=3.74% and El 4T 1)=4.4%. The four year interest rate (given they are all default-risk free treasury securities), the four-year T Security interest rate is (annually) R 4= ?% 4.837 4.555 4.42 4.801 4.677 4.862 4.375 4.789