$1$ pts

You observe the following yield curve for Treasury securities:

$(3)$

Maturity

$1$ Year

$2$ Years

$3$ Years

$4$ Years

$5$ Years

Yield

$3\mathrm{.}50\%$

$4\mathrm{.}60\%$

$5\mathrm{.}40\%$

$5\mathrm{.}50\%$

$6\mathrm{.}10\%$

Assume that the pure expectations hypothesis holds. What does the market expect will be

the yield on $4-$year securities$,1$ year from today?

$6\mathrm{.}45$$

$5\mathrm{.}85$

a$.15$