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Suppose that as of November 2 0 2 3 the yield to maturity on a one - year maturity Treasury bond maturing in November 2

Suppose that as of November 2023 the yield to maturity on a one-year maturity Treasury bond maturing in November 2024 is 5.00%,Bond investors expect that in November 2024 the yield on a one-year maturity Treasury bond will be 5.40%, and in November 2025 the yield on a one-year maturity bond will be 5.70%. What is your best guess for the yield in November 2023 of a Treasury bond with three years to maturity (maturing in November 26)?

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