Consider a binomial model of the yield curve over 3 years where yo,1 = 5%. The probability of an up movement in 1-period forward rates for year t = 2,3 is pt = 0.4 +0.1t, and 1-period forward rates can go up by a factor of u = 1.6 or down by a factor of d=0.9.|| Calculate the zero-coupon bond yield curve and the implied 1-period forward rates embedded in this yield curve. Consider a binomial model of the yield curve over 3 years where yo,1 = 5%. The probability of an up movement in 1-period forward rates for year t = 2,3 is pt = 0.4 +0.1t, and 1-period forward rates can go up by a factor of u = 1.6 or down by a factor of d=0.9.|| Calculate the zero-coupon bond yield curve and the implied 1-period forward rates embedded in this yield curve