Suppose that the current 1-year rate and expected 1-year T-bill rates over the following three years are as follows:
1R1 = 2.75%, E(2r1) = 3.55%, E(3r1) = 4.05%
If the unbiased expectations theory is correct, what should the current long-term rates for 1-, 2-, and 3-year maturity Treasury securities?