3. Suppose that today the one-year Treasury note yields 0.13% (0.0013) the two-year note yields 0.38% (0.0038) the three-year note yields

0.70% (0.0070) the five-year note yields 1.42% (0.0142) the seven-year note yields 1.95% (0.0195) and the ten-year note yields 2.52% (0.0252). Under the pure

expectations theory with no maturity risk:

a) What is the expected yield on a one-year note delivered one year from now?

b) What is the expected yield on a one-year note delivered two years from now?

c) What is the expected yield on a two-year note delivered three years from now?

d) What is the expected yield on a two-year note delivered five years from now?

e) What is the expected yield on a five-year note delivered five years from now?

f) What is the expected yield on a three-year note delivered seven years from now?