The current yield curve for default-free zero-coupon bonds is as follows: Maturity (Years) Y (4) s.50 1 6.5 7.5 3 005345 a. What are the impliled 1-year forward rates? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Maturity Forward Rate 2 rs % % 3 years b. Assume that the pure expectations hypothesis of the term structure is correct. If market expectations are accurate, what will be the yield to maturity on 1-year zero-coupon bonds next year? O Shift upward O Shift downward c. Assume that the nure evnectatione h at n 00