The yield on a one-year Treasury security is 5.6100%, and the two-year Treasury security has a 6.7320% 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? (Note: Do not round your intermediate

calculations.)

O 8.9671%

O 9.9897%

O 6.686%

O 7.8659%