Q1: Given the below spot curve, what is the expected 1-year rate 1 year from now? what is the expected 1-year rate in 2 years? what is the expected 2-year rate in 1 year?

Year	1	2	3
Spot Curve	1.5	3.0	4.0

Q2: Suppose you have a coupon paying mortgage bond with the below cash flows. Given the information in question in Q1, what is the yield curve spread to the spot curve?

Year	Cash Flow
1	55
2	35
3	20

Q3:Suppose you have a coupon paying mortgage bond with the below cash flows. Given the 1-year forward rates implied from the spot curve in Q1, what is the yield curve spread when using forward rates? Enter answer as a percent.

Year	Cash Flow
1	50
2	40
3	20