You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond ........6.1% 2-year zero-coupon bond ........6.2

Question:

You observe the following term structure:
Effective Annual YTM
1-year zero-coupon bond ........6.1%
2-year zero-coupon bond ........6.2
3-year zero-coupon bond ........6.3
4-year zero-coupon bond ........6.4

a. If you believe that the term structure next year will be the same as todays, will the 1 year or the 4-year zeros provide a greater expected 1-year return?
b. What if you believe in the expectations hypothesis?