The yield on 1-year Treasury securities is 3.5%, 2-year securities yield 3.8%, 3-year securities yield 4%, 4-year securities yield 4.3%, and 5-year securities yield 4.5%. There is no maturity risk premium. Based on the Pure Expectations Theory and geometric averages, what is the yield on a 4-year security, 1 year from now?

Group of answer choices

4.75%

4.40%

5.25%

4.80%

5.21%