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You check the spot curve and find that the 1-year spot rate is 7.02%, the 2-year spot rate is 8.82%, the 3-year spot rate is

You check the spot curve and find that the 1-year spot rate is 7.02%, the 2-year spot rate is 8.82%, the 3-year spot rate is 8.86%, the 4-year spot rate is 8.10%, and the 5-year spot rate is 7.55%. You believe in the liquidity preference theory and assume that there is a constant liquidity premium of 1.00%. What is the 4-year short rate?

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