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Problem 2. (10 points) Throughout the remainder of this esam, you show the tong current vel curve That is the fo calculating any values or

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Problem 2. (10 points) Throughout the remainder of this esam, you show the tong current vel curve That is the fo calculating any values or yields needed in any of the in Today (5/27/22), the prices on zero-coupon US Trey STRPs are Maturity In years (per $100 in face valu Price ective d 1 98.50 100% 45-50-1 01528 95.20 100/05.20 %+0.2490 91.75 87.14 (100/67 (1/4)-10.3.501 (100/46) ^(1/2-1-0-02911 82.19 (100/32.14 YUS)-1 04:00 Question: Calculate the yields to maturity for each of these zers? Fill in the banks above. (10 points, 2 points each) Show your work below PALL Problem 3 (24 points) 1 Using the data from Problem 2, what are the forward rates for the 1-year rate next year and the 2-year rate next year? (8 points, 4 p 1 points each) Forward rate for the 1-year annual rate next year 03466 Forward rate for the 2-year annual rate next year Show your work below: (a8.50/95-20-1 = (95-20/91-75) -1 = 2. Based on your analysis of future enfation and its effect on future interest rates, you predict that short-term interest cates will vise over the new year in particular, you think that the 1-year and the 2 year rates will be higher than they are currently as indicated by the data in Problem 2) More specifically, you think that the year rate at year be 3% per and and the two-year rats will be 55% per and You want to exp your analysis to generate a return over 3 year that is the horien of your investment strategy is one year). Based on your beleh, you want to analyse the returns from f investment strategies (1) investing in 2 years and selling them early in exactly one year, or (2) Investing in 3-year jers and selling them earty In exactly one year Given your expectations about and 3-year mere year], what are the returns you expect for each strategy? ene year exactly one points Return from iting in the 2 years and selling thems next year Return from investing in the 3-year res and selling them new year Show your work on space on next page -0376 Problem 2. (10 points) Throughout the remainder of this esam, you show the tong current vel curve That is the fo calculating any values or yields needed in any of the in Today (5/27/22), the prices on zero-coupon US Trey STRPs are Maturity In years (per $100 in face valu Price ective d 1 98.50 100% 45-50-1 01528 95.20 100/05.20 %+0.2490 91.75 87.14 (100/67 (1/4)-10.3.501 (100/46) ^(1/2-1-0-02911 82.19 (100/32.14 YUS)-1 04:00 Question: Calculate the yields to maturity for each of these zers? Fill in the banks above. (10 points, 2 points each) Show your work below PALL Problem 3 (24 points) 1 Using the data from Problem 2, what are the forward rates for the 1-year rate next year and the 2-year rate next year? (8 points, 4 p 1 points each) Forward rate for the 1-year annual rate next year 03466 Forward rate for the 2-year annual rate next year Show your work below: (a8.50/95-20-1 = (95-20/91-75) -1 = 2. Based on your analysis of future enfation and its effect on future interest rates, you predict that short-term interest cates will vise over the new year in particular, you think that the 1-year and the 2 year rates will be higher than they are currently as indicated by the data in Problem 2) More specifically, you think that the year rate at year be 3% per and and the two-year rats will be 55% per and You want to exp your analysis to generate a return over 3 year that is the horien of your investment strategy is one year). Based on your beleh, you want to analyse the returns from f investment strategies (1) investing in 2 years and selling them early in exactly one year, or (2) Investing in 3-year jers and selling them earty In exactly one year Given your expectations about and 3-year mere year], what are the returns you expect for each strategy? ene year exactly one points Return from iting in the 2 years and selling thems next year Return from investing in the 3-year res and selling them new year Show your work on space on next page -0376

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