The interest rate on one-year Treasury bonds is 1.4 percent, the rate on two-year T-bonds is 1.3 percent, and the rate on three-year T-bonds is 1.2 percent.

Using the expectations theory, compute the expected one-year interest rate in the second year (Year 2 only). Round your answer to one decimal place. %

Using the expectations theory, compute the expected one-year interest rate in the third year (Year 3 only). Round your answer to one decimal place. %