One)

Suppose the yields on government bonds are as follows: 1-year = .01; 2-year = .02; 3-year = .05. According to the expectations theory, what is the implied 1-year forward yield on a 1-year government bond?

Two)

Suppose the yields on one-year government bonds are as follows: spot = .015; 1-year forward = .025; 2-year forward = .035. According to the expectations theory, what is the approximate (spot) yield on a 3-year government bond?