5. In today's market you observe the following yield curve for government securities: Maturity Yield 1 year 1.00% 2 years 1.20% 3 years 1.60% 5 years 2.75% 7 years 4.20% 8 years 5.20% 10 years 7.00% Assume that the pure expectations hypothesis holds (i.e., the maturity risk premium = 0). What does the market expect will be the interest rate on 5-year securities three years from now? (6 points)