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Based on economists forecasts and analysis, 1 - year Treasury bill rates and liquidity premiums for the next four years are expected to be as

Based on economists forecasts and analysis, 1-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: R1=1.05% E(2r1)=2.20% L2=0.06% E(3r1)=2.30% L3=0.08% E(4r1)=2.60% L4=0.10% Using the liquidity premium theory, determine the current (long-term) rates. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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