Assume that current one-year, two-year, and three-year spot-rates on Norwegian government zero-coupon bonds are 1%, 2% and 3%, respectively. Each bond guarantees the owner of the security a payment of NOK 10,000 at maturity. Utilizing the market for Norwegian government zero-coupon bonds, you intend to borrow NOK 1,000,000 in exactly two years and pay down the loan exactly one year later. Please answer the following questions assuming that the unbiased expectations theory of the term struc- ture of interest rates holds. (a) (10) What is the one-year interest rate (the implied forward-rate) expected two years from now? (b) (20) Along a time-line, what are the cash flows of the one-year loan starting two years from now