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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 follows: R

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 = 1.45 %
E(2r1) = 2.35 % L2 = 0.05 %
E(3r1) = 2.75 % L3 = 0.07 %
E(4r1) = 3.20 % L4 = 0.12 %

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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