Suppose the interest rate on a 1-year T-bond is 4.80% and that on a 2-year T-bond is 6.20%. Assume that the pure expectations theory is NOT valid, and the MRP is zero for a 1-year T-bond but 0.40% for a 2-year bond. What is the yield on a 1-year T-bond expected to be one year from now? Do not round your intermediate calculations. Round your final answer to 2 decimal places. a. 5.37% b. 5.77% c. 5.30% d. 6.81% e. 7.62%