which of the following describes the essence of the pure expectations theory of the term structure of interest rates?

The market expects that the yleld on longer-term bonds is build up of the yields on shorter-term oonds The market expects years from now. The market expects that the yield on two one-year bonds purchased now is equal to the yield on a two-year bond purchased now. The market expects that the yleld on a two-year bond is equal to two times the yield on a one-year bond