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The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, 17.5%. Using the pure expectations

The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, 17.5%.

Using the pure expectations theory, what will be the interest rates on a 6-year bond?

Group of answer choices

4.5%

5.5%

6.75%

7.25%

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