The Government of Canada Zero Coupon Yield curve is shown below. What does the shape over the first three years tell you about the market's consensus expectation for future spot interest rates? Yields on Zero Coupon Bonds 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 9 7.75 10.25 11.5 14 12.75 15.25 16.5 19 17.75 20.25 21.5 22.75 24 29 25.25 26.5 27.75 Maturity 1) Expected spot rates will be lower than the current one year spot rate 2) Expected spot rates will be higher than the current one year spot rate 3) Expected spot rates will be the same as the current one year spot rate You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was $3,000 and the maintenance margin is $1,500. At the close of trading yesterday, the futures price was $6.18 per bushel and the balance in your margin account was $3,500. Today, the settlement price for corn futures is $5.76. What is the balance in your account at the end of today's trading? Assume that you made the minimum deposit necessary if there was a margin call. 1) $3,000 2) $2,500 3) $2,000 4) $1,500