Today = Jan. 1, 2030 Time to maturity Maturity date YTM Jan. 1, 2031 2.00% Jan. 1, 2032 2.20% 3 years Jan. 1, 2033 2.47% Jan. 1, 2034 2.75% 5 years Jan. 1, 2035 3.00% 1 year 2 years 4 years 13. Given the implied forward rate from (12) what would you conclude the market expects the 1 year interest rate will be on Jan. 1, 2032, i. if you believe the pure expectations theory of the term structure? ii. if you believe the liquidity preference theory of the term structure? Today = Jan. 1, 2030 Time to maturity Maturity date YTM Jan. 1, 2031 2.00% Jan. 1, 2032 2.20% 3 years Jan. 1, 2033 2.47% Jan. 1, 2034 2.75% 5 years Jan. 1, 2035 3.00% 1 year 2 years 4 years 13. Given the implied forward rate from (12) what would you conclude the market expects the 1 year interest rate will be on Jan. 1, 2032, i. if you believe the pure expectations theory of the term structure? ii. if you believe the liquidity preference theory of the term structure