Question: Based on economists forecasts and analysis, one - year Treasury bill rates and liquidity premiums for the next four years are expected to be as

Based on economists forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows:
1R1=0.48%
E(2r1)=0.82% L2=0.06%
E(3r1)=0.92% L3=0.17%
E(4r1)=1.22% L4=0.18%
Calculate the yield to maturity for four years. (Round your percentage answers to 2 decimal places. (e.g.,32.16))

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