Question: One-year CD rates are currently 7.35%. The general consensus in the market is that one year from now, the one-year CD rate will be 7.45%,

One-year CD rates are currently 7.35%. The general consensus in the market is that one year from now, the one-year CD rate will be 7.45%, two years from now the one-year CD rate will be 7.75%, and that three years from now the one-year CD rate will be 7.60%. If the Pure Expectations Theory holds true, what should the current two-year, three-year, and four-year CD rates (i.e., spot rates) be?

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