Term (years) Today's Rate 1 2.2% 2. 2.38% 3 2.86% ased on the expectations hypothesis, what does the market expect the 1 year rate in 2 years to be? State your answer as a percentage to 2 decimal places (e.g., 4.39) Term (years) Today's Rate 1 3.16% 2 3.52% 3 3.85% Based on the expectations hypothesis, what does the market expect the 1 year rate in 1 year to be? State your answer as a percentage to 2 decimal places (e.g., 4.39)