please answer all the questions

Exptic Contracts A contract where the seler of the contract collects an annual premium (and sometimes an upfront fee) from the buyer and in exchange the seller of the contract pays the drop in value from par to the buyer if a security defaults is called a putable bond credit default swap inverse floater CDO The Term Structure Which of the following result from the expectations theory of the yield curve? I. The observed long-term rate includes a risk premium 1I. Long term rates are a function of expected future short term rates ll. An upward slope means that the market is expecting higher future short term rates IV. The observed yield curve is above the pure expectations yield curve I only I and II only Il and II only O II, III and IV only The Term Structure The current four year interest rate is 4.55% and the current three year interest rate is 4.25%. The implied forward rate from year three to year four is 4.40% 5.46% 5.25% 4.75%