The yield curve for default-free zero-coupon bonds is currently as follows: Required: a. What are the implied one-year forward lates? (Do not round intermediate colculations. Round your onswers to 2 decimal ploces.) 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 ylelds to maturity on one-and two-year zero-coupon bonds) be next year? There will be a stift upwards in next year's curve. There will be a shift downwards in next year's curve. There will be no change in next vear's curve. c. What will be the yield to maturity on two-year zeros? (Do not round intermediate calculations. Round your answers to 2 decimal plegces.) 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. LIgnore taxes. (Do not round intermediate calculotions. Round your answer to 2 decimal places.) e. If you purchase a three-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 placs.)