c.) Your choice of assets are a two-year zero with a YTM of 4.5% and a ten-year zero with a YTM of 4%. With these two assets describe your positions (long and short) you would take in each to implement your trade?

d.) Assume annual compounding and that each asset has a face value of $100. Calculate the dollar duration of each asset.

e.) What is the correct hedge ratio to immunize the portfolio of the two assets against parallel changes in the level of interest rates? I'm looking for both an equation and the solution to the equation. Interpret the hedge ratio.