"One-year Treasury bills currently earn 3.25%; You expect that one year from now, 1-year Treasury bill rates will increase to 3.55% and that two years from now, one-year Treasury bill rates will increase to 4.15%; If the unbiased expectations theory is correct, what should the current rate be on three-year Treasury securities?"

3.56%

5.84%

3.42%

3.65%

3.93%