1. How did the risk premiums on financial commercial papers and CDs change from 2007-2011?
2. What caused the changes? How were they associated with changes in economic conditions? Explain.

Part 2.) Numbers are Percentages T-BILL Commercial Paper CD Premium CP Premium DATE 2007.01 4.98 0.26 CD 5.32 5.31 5.30 5.03 5.24 5.23 5.22 0.34 0.28 0.36 0.44 0.58 5.23 2007-02 2007-03 2007-04 2007.05 2007.06 2007.07 2007-08 2007.09 2007.10 2007.11 2007-12 4,82 4.20 3.90 3.27 3.00 | 3.00 2007-12 2008-01 2017-12 5 12 1407 104 26 1.15 10.67 1.19 2005-15 2008-16 2008-17 2006-08 2008-19 2008-11 HDR-II 2006-12 are -L 30pm-12 2011 2009-14 - 2009-16 2007 1.0 0.48 037 0.6 1.18 0.18 1.18 2009-1 2009-11 2009-12 | 2010-13 2010-14 2010-05 20] onlin 2016-07 | 115 | 1.16 10.16 45 012 1 | T-18 ( 15 11 115 2010-09 0.28 20 all in 0.15 0.14 2010-II 2010-12 2011 ANI 2011-02 113 0.10 118 2011-03 2011-04 2011-05 116 2.16 0.04 2011-06 | 0.004 2011-07 2011-1 2011-08 1.0L 2011-10 137 2011-11 | 2011-12 | 0.01 0.01 1.41 0.2 10