C. Data for the Australian and U.S. spot rate curves is provided here: Maturity Australian Spot Rates U.S. Spot Rates 6-Months 2.31% 0.23% 1-Year 2.03% 0.37% 18-Months 1.98% 0.54% 2-Years 2.03% 0.70% 5-Years 2.48% 1.56% 10-Years 2.98% 2.17% Source: Bloomberg. 14th August 2015 i. Use pure expectations theory to explain the shape of the U.S. yield curve. (4 marks] ii. Briefly explain whether you would expect the U.S. forward rate curve to be above or below the spot rate curve. [2 marks] iii. If you were to agree a rate today to borrow Australian dollars for 6-months, but starting 6- months from now, what would be the agreed forward rate? (4 marks