Question A1 The following table shows yields to maturity on US Treasury securities as of 1 January, 2022: Term of maturity Yield to maturity 1 year 3.50% 2 years 4.50% 3 years 5.00% 5.50% 5 years 6.00% 10 years 6.60% 4 years Required: (a) Based on the data in the table, calculate the implied forward one-year rate of interest at 1 January 2025. (3 marks) (b) Define the term structure of interest rate. (3 marks) Question A1 The following table shows yields to maturity on US Treasury securities as of 1 January, 2022: Term of maturity Yield to maturity 1 year 3.50% 2 years 4.50% 3 years 5.00% 5.50% 5 years 6.00% 10 years 6.60% 4 years Required: (a) Based on the data in the table, calculate the implied forward one-year rate of interest at 1 January 2025. (3 marks) (b) Define the term structure of interest rate