2. Considering U.S. Treasuries are guaranteed by the U.S. government, the following questions answer a. Is the T-bill return independent of the state of the economy? Briefly explain. Do T-bills promise completely risk-free returns? Explain b. Why do T-bond returns vary? Why are T-bond returns high when the market returns are low? How would returns on corporate bonds that Filmore Enterprises might C. issue compare with those for T-bonds? Would your answer be on the potential bond rating of Filmore Enterprises? dependent