Consider the following $1,000 par value zero-coupon bonds: Bond Years to Maturity Yield to Maturity A 1 6.30% B 2 7.80% C 3 8.30% D 4 8.80% E 5 10.25% The expected 1-year interest rate 2 years from now should be __________.

Multiple Choice 11.86% 16.25% 9.31% 19.50%