Years to Maturity 1 2 3 5 7 10 20 30

Yield To Maturity (Today) 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00%

Yield To Maturity (4/15/21) 3.00% 4.00% 4.50% 5.00% 5.50% 6.00% 6.00% 6.00%

Given your predictions for yields on April 15, 2021 compared to yields today, which of the following strategy offers the most gain

A. A bullet strategy concentrated at 5-year bond

B. A barbell strategy

C. A bullet strategy concentrated at 30-year bonds

D. A ladder strategy