9. Suppose that you want to estimate the economic influences on house prices (P.) in Australia and specify the following regression model based on the user cost theory: Alog P, = y, log -ty,ity,,+ y,E,Alog PHI + VE where P/R is the price-rent ratio, i is the nominal interest rate, It is the inflation rate, and E,A log PH1 is the expected growth in house prices. According to the theory, you would expect the following signs of the estimated coefficients; a) Y1 > 0, 13 > 0, and y4 > 0 b) 1 0, and Y4 > 0 c) 71 > 0, Y2 > 0, 13 0 d) 71 > 0, Y 2 0 10. Suppose the current one-year interest rate is 6%, and financial markets expect the one-year interest rate next year to be 7%, and the year after that to be 8%. Given this information, the yield to maturity on a three-year bond will be approximately: a) 5% b) 6%. C) 7%. d) 8%