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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,=0.60%,
E(2r1),=1.75%,L2=,0.09%
E(3r1),=1.85%,L3=,0.12%
E(4r1),=2.15%,L4=,0.14%
Using the liquidity premium theory, determine the current (long-term) rates.
Note: Do not round intermediate calculations. Round your percentage answers to 2 decimal places (i.e.,0.1234 should be entered as 12.34).
\table[[Years,\table[[Current (Long-term)],[Rates]],],[1,0.60,%
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