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Suppose we observe the following rates: 1 R 1 = 5 . 4 % , 1 R 2 = 6 . 2 % , and

Suppose we observe the following rates: 1R1=5.4%,1R2=6.2%, and E(2r1)=5.4%. If the liquidity premium theory of the term structure of interest rates holds, what is the liquidity premium for year 2?(Round your intermediate calculations to 5 decimal places and final percentage answer to 2 decimal places.

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