only answer the online fill ins and thanks

1. You operate a portfolio of 50 million dollars of net worth, if you feel interest rates will go down in the future how can you use an interest rate swap to exploit this? Explain how this happens what responsibilities you have and what responsibilities do those who you trade with have. Assume the risk free rate is 4% and the beta for a particular firm is 2, current firm share price is $35 and the market risk premium is 8%. A. Given the risk level what is the one year required rate of return (we will call this k)? 2. (Online fill in 1) If next year's expected dividend is $3, use k from part A to solve for the expected next year's price. (Online fill in 2 If you think next year's price estimate is lower than what it will actually turn out to be what should you do? If at the end of the year the dividend is paid as expected, but the price is 36, 40, or 43 dollars per share, calculate HPR. Given our require rate of return and the three year end prices in which of these cases was this a good idea? B. C. D. . Find the value of a stock using the constant growth DDM, if the last dividend paid is $3 and the beta-.85, market risk premium is 5%, risk free rate is 3% and the dividend growth rate is 0.3 or 5967(Online fill in 3) Next year's expected firm earnings are $4,000, shares outstanding 1000, ROE:14% capitalization rate 10%, b(plowback ratio)-10% and assuming constant growth dividends. . A. Calculate Po and Po in a no growth case (b-0) (Online fill in 4) B. Calculate Po if b .25, use this to find the PVGO. C. Redo the no growth case and part B to find the PVGO if the capitalization rate was 15%? D. Comment on part B and part C