1:41 PM Tue Feb 18 91%O finance s X ... x ch02_Global Colla... X MIS finance O X hr wk:9 x Untitled Notebook... X Teerawut_Resume... An Example: Observed Treasury Rates and Pui Expectations 1 year 2 years 3 years 4 years 5 years 6.0% 6.2 6.4 6.5 6.5 IDEIIIIII If the pure expectations theory holds, what does the market expect will be the interest rate on one-year securities, one year from now? Three-year securities, two years from now? 5) Future unkonw rate. All 5 year