The yield to maturity on one-yeat zero-coupon bonds is 71 . The yield to matuaty an fwo-year zero-coupan bonds is 81 : Required: a. What is the forward rate of interest for the second year? (Do not round intermediate cakculations. Aound your answer to 2 decim places.) b. If rou betieve in the impectatione hypothesite what is your best gueas as to the expected value of the short torm inturest rate ne of Year? (0e not reumd intermediate calculations. Round your answent to 2 decimal piaces) (i) The yield to maturity on one-yeat zero-coupon bonds is 71 . The yield to matuaty an fwo-year zero-coupan bonds is 81 : Required: a. What is the forward rate of interest for the second year? (Do not round intermediate cakculations. Aound your answer to 2 decim places.) b. If rou betieve in the impectatione hypothesite what is your best gueas as to the expected value of the short torm inturest rate ne of Year? (0e not reumd intermediate calculations. Round your answent to 2 decimal piaces) (i)