Looking in today's newspaper, you observe the following yield curve information:

Maturity Yield

1 year 5.0%

2 years 5.5

3 years 6

4 years ???

5 years 7

If the pure expectations hypothesis holds, what does the market expect that the one-year rate will be one year from now?

a.7.0%

b.5.0%

c.6.0%

d.5.5%

e.6.5%