Given the following spot rates:

1-yr 2.5%

2-yr 3%

3-yr 3.5%

4-yr 3.75%

Suppose you believe that the 1-year implied forward for next year represents the markets expected 1-year rate for next year. However, you believe that 1-year forward rate (that you just calculated) is also the rate the market expects for each of the years following that.

What are the liquidity premiums for each of the next three years?