Problem 6-11 Liquidity Premium Theory (LG6-7) Based on economists' forecasts and analysis, 1-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: R1 0,80% E(2r1) E(3r1) E(4r1) 1.95% 0.07% = 2.05% L= 0.11% = 2.35% L4 0.13% Using the liquidity premium theory, determine the current (long-term) rates. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Current (Long- Term) Rates Years 1 % 3