1. Assume that as of today we have an annualized two-year interest rate of 11 percent, while the current one-year interest rate is 9 percent. Given this information, estimate the one-year forward rate and describe how you got the answer. 2. Over the last six months, the long-term yields declined, while short-term yields remained the same. Analysts stated that the shift was due to revised expectations of interest rates. Given the shift in the yield curve, what do you expect has happened to the demand for long-term borrowing