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A one - year bond currently pays 3 . 6 % interest. It's expected that it will pay 3 . 1 % next year and

A one-year bond currently pays 3.6% interest. It's expected that it will pay 3.1% next year and 2.0% the following year. The two-year term premium is 0.1% while the three-year term premium is 0.15%. What is the interest rate on a three-year bond according to the liquidity premium theory?
3.00%
1.15%
3.05%
2.9%
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