Problem $6-7$ Liquidity Premium Theory $($LG$6-7)$One$-$year Treasury bills currently earn $4\mathrm{.}00$ percent. You expect that one year from now, $1-$year Treasury bill rates will increase to $4\mathrm{.}20$ percent. The liquidity premium on $2-$year securities is $0\mathrm{.}06$ percent. If the liquidity premium theory is correct, what should the current rate be on $2-$year Treasury securities$?$Note: Do not round intermediate calculations. Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$