a. On the same set of axes, draw the yield curve at each of the three given times. b. Label each curve in part a with its general shape (downward sloping, upward sloping, flat). c. Describe the general interest rate expectation existing at each of the three times. d. Examine the data from 5 years ago. According to the expectations theory, what approximate return did investors expect a 5-year bond to pay as of today?

D6-7 Term structure of interest rates The following yield data for a number of highestquality corporate bonds existed at each of the three points in time noted