Economics- liquidity premium theory

Subject: Economics    / General Economics

According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 55%,


and 77%

over each of the next three years, and if the liquidity premium on a three-year bond is 22%,

then the interest rate on a three-year bond is nothing%.

(Round your response to the nearest whole number