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

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

1R1 = 0.32%
E(2r1) = 0.68% L2 = 0.05%
E(3r1) = 0.78% L3 = 0.16%
E(4r1) = 1.08% L4 = 0.18%

Calculate the yield to maturity for four years. (Round your percentage answers to 2 decimal places. (e.g., 32.16))

Yield To Maturity
Year 1 %
Year 2 %
Year 3 %
Year 4 %

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