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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=
0.80%
E(r12)=
1.95% L2=
0.07%
E(r13)=
2.05% L3=
0.11%
E(r14)=
2.35% L4=
0.13%
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).

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