Mr. Richard naw wanTs yaLI Ta apply The eTT'ecTiye duraTicn Earl-hula he learned in CFA Training Tc lhe bands ai issue and 1 year far-yard Erarn auesTians 3 and 4. (IW 5DLI'PE _ HFlll] 2 1 Mb\": I: 5|] Effective Mada-t - uld alsa like a marginal analysis aerfarrned far bath The criginal and The Fcrward band is- This sha-uld shaw The base duraTian and yield far The shchesT band and Then The e in yield and duralian Tar each langer band- He expla'ms ThaT The 5 year is The base and ange shaws The addiTia-nal rishfremrard T'c-r buying The langer rnalurilies. he rauETs frarn EILIETTDI'IE 3 and 1l- and calc L.I|aTe The el'TecTiye dLIra Han as shawn E1 The :I. Be 1.rery careful Ta use The brackels as shawn atlaye- The duraTians Far Ihese hands all be aeTween l and 3 as a range sc any larger ar smaller 1.rala-es means a farmula rn- F'erfarrn The marginal analysis far baTh seTs cf bands as indicaTe-d aaaye and include ales in The wriTl'en analysis. describe The analysis Ihai yau have aerl'crn'l ed deTailing haw The effecve duraTicns es as [he bands dam The yield cu rye. Based an The shch bands yield and duraTian, whic appears Ta prayide The rnasT marginal yield far The leasT marginal duracn? Laal: aT The 1-T' yield and duralian (divided baTh by The Term and Then lack aT The rnarg'nal change Tar Iger bands] Based an This analysis which band wauld yaLI reccrnrnend aT issue and why