Question 572 bond pricing, zero coupon bond, term structure of interest rates, expectations hypothesis, forward interest rate, yield curve In the below term structure of interest rates equation, all rates are effective annual yields and the numbers in subscript represent the years that the yields are measured over: (1 + 70-3) = (1 + ro-1)(1 + r1-2)(1 + 12-3) Which of the following statements is NOT correct? (a) ro-3 is the three year spot rate, given as an effective annual rate. (b) ro-1 is the one year forward rate, given as an effective annual rate. (c) r1-2 is the one year forward rate one year ahead, given as an effective annual rate. (d) r2-3 is the one year forward rate two years ahead, given as an effective annual rate. X(e) r1-3 = ((1+n-2)(1 + r2-3))"? 1 is the two year forward rate, one year ahead, given as an effective annual rate