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:

R$1=0\mathrm{.}40\%$

E $(2$ r $\_\{1\})=1.55\%\backslash$quad L $\_\{2\}=0.05\%$

E$(3\backslash$mp@subsup$\{$r$\}\{1\}\{\})=1\mathrm{.}65\%$ L L$3=0\mathrm{.}10\%$

E $(4$ r $\_\{1\})=1.95\%\backslash$quad L $\_\{4\}=0.12\%$

Using the liquidity premium theory, determine the current $($long$-$term$)$ rates. $($Do not round intermediate calculations. Round your

answers to $2$ decimal places.$)$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:

R$1=0\mathrm{.}40\%$

E $(2$ r $\_\{1\})=1.55\%\backslash$quad L $\_\{2\}=0.05\%$

E$(3\backslash$mp@subsup$\{$r$\}\{1\}\{\})=1\mathrm{.}65\%$ L L$3=0\mathrm{.}10\%$

E $(4$ r $\_\{1\})=1.95\%\backslash$quad L $\_\{4\}=0.12\%$

Using the liquidity premium theory, determine the current $($long$-$term$)$ rates. $($Do not round intermediate calculations. Round your

answers to $2$ decimal places.$)$