thE 3-yEAr AnnuAl spot rAtE is 7%, thE 4-yEAr AnnuAl spot rAtE is 7.5%, AnD thE 5-yEAr AnnuAl spot rAtE is 8%.BAsED on thE purE ExpECtAtions thEory oF intErEst rAtEs, thE 1-yEAr impliED ForwArD rAtE in Four yEArs is ClosEst to:
A．

A、10.00%.

B．

B、7.75%.

C．

C、9.00%.