Consider the following $1,000 par value zero-coupon bonds: Bond Years until Maturity Yield to Maturity 5.25% 6.25 6.75 7.25 a. According to the expectations hypothesis, what is the market's expectation of the one-year interest rate three years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Interest rate b. What are the expected values of next year's yields on bonds with maturities of (a) 1 year; (b) 2 years; (c) 3 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Maturity (years) YTM - 2