If the expected path of one-year interest rates over the next five years is 2 percent, 4 percent, 1 percent, 4 percent, and 3 percent, then the pure expectations theory predicts that the bond with the highest interest rate today is the one with a maturity of:

A) 4 years

B) 3 years

C) 2 years

D) 5 years

E) 1 year