You are given the following information: Current interest rate on a 4 year T-bond (1R4) = 5.0% Expected interest rate on a 1 year T-bond 1 year from today (2f1) = Expected interest rate on a 1 year T-bond 2 years from today (3f1) Expected interest rate on a 1 year T-bond 3 years from today (4f1) = 4.00% Required liquidity risk premia for a: 1-year bond (l_1) = 0% 2-year bond (l_2)= 0.10% 3-year bond (l_3) = 0.25% 4-year bond (l_4) = 0.30% If the Liquidity Premium Theory of the term structure of interest rates holds, what is the current 2-year rate (1R2)? (Use geometric average.)