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A recent edition ofThe Wall Street Journalreported interest rates of 3.85 percent, 4.20 percent, 4.58 percent, and 4.85 percent for three-year, four-year, five-year, and six-year

A recent edition ofThe Wall Street Journalreported interest rates of 3.85 percent, 4.20 percent, 4.58 percent, and 4.85 percent for three-year, four-year, five-year, and six-year Treasury notes, respectively. According to the unbiased expectations theory of the term structure of interest rates, what are the expected one-year rates during years 4, 5, and 6?

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