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The yield to maturity on one - year, zero - coupon bonds is 5 % . The yield to maturity on two - year, zero

The yield to maturity on one-year, zero-coupon bonds is 5%. The yield to maturity on two-
year, zero-coupon bonds is 6%. The yield to maturity on three-year, zero-coupon bonds is 6.5%.
The yield to maturity on four-year, zero-coupon bonds is 7%. According to the expectations
hypothesis, what is the markets expectation of the one year interest rate two years from now?

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