Suppose that the semi-annually compounded Treasury yield curve today looks like 18mo ly 2y r2(0,T) 2.25% 2.5% 3% B(0,T) 0.9901 0.9779 0.9634 0.9422 6mo 2% 1. 3pts What is the current 6-12mo semi-annually compounded forward rate f(0,0.5, 1)? 2. 3pts Suppose that 6 months ago you sold $10mn notional of the 12-18mo forward rate agreements with a forward rate equal to 1.5%. What is the price of your position right now? 3. 3pts What is the modified duration (with respect to continuously compounded interest rates) of your position