The pure expectations theory assumes that investors do not consider long-term bonds to be riskier than short-term bonds. True O False The yield on a one-year Treasury security is 4.6900%, and the two-year Treasury security has a 7.0400% yield. Assuming that the pure expectations theory is correct, what is the market's estimate of the one-year Treasury rate one year from now? 10.7730% O 12.0015% 9.4500% o 8.0325% Recall that on a one-year Treasury security the yield is 4.6900% and 7.0400% on a two-year Treasury security. Suppose the one-year security does not have a maturity risk premium, but the two-year security does and it is 0.4500%. What is the market's estimate of the one-year Treasury rate one year from now? 10.8200% 8.5200% 9.713096 7.2420% O Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market's estimate of the three-year Treasury rate two years from now? 6.69% 5.46% 6.61% 0 6.45%