Question 3 1 out of 1 points "Suppose that the current one-year (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e. 2, 3, and 4 respectively) are as follows: 1R1 = 6.00%, 2R1 = 7.00%, 3R1 = 7.50%, and 4R1 = 7.85%. Using Pure Expectations Theory, calculate the current (long-term) rates for the four-year maturity Treasury security Selected Answer: 7.09% Answers: 6.00% 6.50% 6.83% 7.09%