Currently, the term structure is as follows: One-year bonds yield 11.00%, two-year zero- coupon bonds yield 12.00%, three-year and longer maturity zero-coupon bonds all yield 13.00%. You are choosing between one, two, and three-year maturity bonds all paying annual coupons of 12.00%. You strongly believe that at year-end the yield curve will be flat at 13.00%. Required: a. Calculate the one year total rate of return for the three bonds. (Do not round intermediate calculations. Round your answers to 2 decimal places.) One Year Two Years Three Years One year total rate of return % % % b. Which bond you would buy? One-year bond O Two-year bond O Three-year bond