You observe the following yield curve for Treasury securities:

Maturity Yield

1 Year 4.30%

2 Years 5.80%

3 Years 6.50%

4 Years 6.70%

5 Years 7.30%

Assume that the pure expectations hypothesis holds. What does the market expect will be

the yield on 4-year securities, 1 year from today?

You observe the following yield curve for Treasury securities: Assume that the pure expectations hypothesis holds. What does the market expect will be the yield on 4-year securities, 1 year from today? \begin{tabular}{l} 6.05% \\ \hline 7.55% \\ \hline 8.05% \\ \hline 6.55% \\ 7.05% \end{tabular}