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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: 1R1=0.478E(2r1)=0.848L2=0.078(3r1)=0.941L3=0.141E(4r1)=1.241L4=0.171
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=0.478E(2r1)=0.848L2=0.078(3r1)=0.941L3=0.141E(4r1)=1.241L4=0.171 Calculate the yield to maturity for four years. (Round your percentage answers to 2 decimal places. (e.g., 32.16))
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