1. [40 pts] Use the par yield curve below to price the cash flows given in the left-most column. Assume that all bonds, except for the first one, are coupon bonds. Quote the price to the closest penny. 2. [40 pts] Give and dusscribe the no-arbitrage table to price a 2-year zero-coupon loan two years from now, accounting for the actions of all parties. For concreteness sake, use the par yield curve in question 1. What is the lockable, annualized rate for such a loan? 3. [20 pts] Briefly describe the expectations hypothesis, and how the liquidity preference theory accounts for the observation that the yield curve tends to be upward sloped, rather than what is predicted by the expectations hypothesis