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Term (years) Today's Rate 1 1.60% 2 1.63% 3 3.00% 4 3.20% Based on the expectations hypothesis, what does the market expect the 3-year rate,

Term (years) Today's Rate 1 1.60% 2 1.63% 3 3.00% 4 3.20% Based on the expectations hypothesis, what does the market expect the 3-year rate, 1 year from now to be?

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3.80%

4.79%

3.71%

3.74%

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