The current yield curve for default-free zero-coupon bonds is as follows Maturity ) YA 1 10.15 11.1 12.1 .. What are the implied one year forward rates? (Do not round intermediate calculations. Round your answers to 2 decimal places.) YTM Maturity years) 1 2 3 10.15 11.1% 121% 12.10 b. Assume that the pure expectations hypothesis of the term structure is correct. If market expectations are accurate, What will the pure yield curve (that is, the yields to maturity on one and two year zero-coupon bonds) be next year? There will be a shift upwards in next year's curve There will be a shift downwards in next year's curve There will be no change in next year's curve What will be the yield to maturity on two year zeros? (Do not round intermediate calculations. Round your answers to 2 decimal places) YTM d. If you purchase a two year Zero Coupon bond now, what is the expected total rate of return over the next year? (Hint Compute the current and expected future prices) Ignore taxes (Do not round intermediate calculations. Round your answer to 2 decimal places) Expedied to turn e. If you purchase a three year zero-coupon bond now, what is the expected total rate of return over the next year in Compute the current and expected future prices) Ignore taxes (Do not round intermediate calculations. Round your answer to 2 decimal places) Expected to