Problem $2-14($LG $2-7)$

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:

${?}_1{R}_1=0\mathrm{.}37\%$

$E{(}_2{r}_1)=0\mathrm{.}62\%,L_2=0\mathrm{.}04\%$

$E(3r_1)=0\mathrm{.}72\%,L_3=0\mathrm{.}15\%$

$E(4r_1)=1\mathrm{.}02\%,L_4=0\mathrm{.}18\%$

Calculate the yield to maturity for four years. $($Round your percentage answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

$\backslash$table$[[,$Yield To Maturity$],[$Year $1,0\mathrm{.}37,\%$