Compare and contrast the expectations theory and the liquidity premium theory of the term structure of interest rates. An investor purchases a 30-year U.S. government bond for $1, 020. The bond's coupon rate is 9 percent and. it still had 14 years remaining until maturity. If the investor holds the bond until it matures and collects the $1000 par value from the Treasury and his marginal tax rate is 39 percent (we assume that the bond is taxable), what will be his after-tax (effective) yield to maturity? Suppose today's 10-year rate is 9 percent. Today's 4-year rate is 7 percent. Estimate the 6-year forward rate in four years if the 10-year rate has a .3 percent liquidity premium. For this problem, use the Bloomberg screen below