If the YTM on a 2 year zero coupon bond that starts today is 5% and the YTM on a 1 year zero coupon bond that starts today is 3%. What does the no-arbitrage condition tell you about the interest rate on a one year bond that starts next year? A. It's [1.05)^2 / 1.03) - 1 -7% OB. Its (1.05/1.03) - 12% C. It's 5%-3% -2% OD. It's the average of 3% and 5%