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Complete the following table using the pure expectations theory of the term structure. Time to Maturity (years, interest rates in percent) 1 2 3 4

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Complete the following table using the pure expectations theory of the term structure. Time to Maturity (years, interest rates in percent) 1 2 3 4 3.0 4.0 4.5 5.0 5 5.0 Date 2020 2021 2022 2023 2024 Note: In the table, the interest rates on one-year, two-year, three-year, four-year, and five-year bonds sold in 2020 are shown in the first row. Each column reports the interest rates on bonds of a particular maturity that prevail during 2020 and potentially up to 2024. Complete the following table using the pure expectations theory of the term structure. Time to Maturity (years, interest rates in percent) 1 2 3 4 3.0 4.0 4.5 5.0 5 5.0 Date 2020 2021 2022 2023 2024 Note: In the table, the interest rates on one-year, two-year, three-year, four-year, and five-year bonds sold in 2020 are shown in the first row. Each column reports the interest rates on bonds of a particular maturity that prevail during 2020 and potentially up to 2024

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