Pool 2: Sovereign Debt Restructuring-Choose one among Questions 7-8. (16 points) Homework 7 (related with the 5th Week, 20th Reading Material): a) What is subaggregation clause in sovereign debt restructuring? b) Why does uniform applicability requirement not guarantee the same economic effect for all series of the hypothetical country Evening bonds if restructured bonds for all bond series have 10 vears of maturity with 1% interest rates? c) Which bond series are mostly and least affected by the restructuring looking at (1) interest rate and (2) maturity changes? d) How could subaggregation satisfy uniform applicability requirement in this case? of Country Morning Interest Rates On Bonds Maturity Bonds Maturity Restructured Bonds Series A Series B Series C Series D 9 % 5 % 11 % 6 % 3 years 6 years 4 years of Interest Rates Restructured Bonds 1% 1% 1% 1% 10 years 10 years 10 years 10 years 8 years Pool 2: Sovereign Debt Restructuring-Choose one among Questions 7-8. (16 points) Homework 7 (related with the 5th Week, 20th Reading Material): a) What is subaggregation clause in sovereign debt restructuring? b) Why does uniform applicability requirement not guarantee the same economic effect for all series of the hypothetical country Evening bonds if restructured bonds for all bond series have 10 vears of maturity with 1% interest rates? c) Which bond series are mostly and least affected by the restructuring looking at (1) interest rate and (2) maturity changes? d) How could subaggregation satisfy uniform applicability requirement in this case? of Country Morning Interest Rates On Bonds Maturity Bonds Maturity Restructured Bonds Series A Series B Series C Series D 9 % 5 % 11 % 6 % 3 years 6 years 4 years of Interest Rates Restructured Bonds 1% 1% 1% 1% 10 years 10 years 10 years 10 years 8 years