Suppose the term structure of interest rates has these spot interest rates: r 6.0%. r2 5.86, r3 5.6%, r4 5.4%, and 5 - 7.0%. a. What will be the 1-year spot interest rate in three years if the expectations theory of term structure is correct? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) 1-year spot in 3 years b. If investing in long-term bonds carries additional risks, then how would the risk equivalent of a 1-year spot rate in three years relate to your answer to part (a)? Less than Greater than O Equal to