Currently, the term structure is as follows: One-year bonds yield 10.50%, two- year zero-coupon bonds yield 11.50%, three-year and longer maturity zero- coupon bonds all yield 12.50%. You are choosing between one, two, and three- year maturity bonds all paying annual coupons of 11.50%. You strongly believe that at year-end the yield curve will be flat at 12.50%. 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 Three Years Two Years % One year total rate of return % %