You know that there a three ways to create a portfolio with targeted duration. As a reminder, find below 3 portfolios with the same duration of 8 years. N Coupon Settlement Maturity MDuration 4.28% 10/1/2020 10/1/2030 8.00 Bullet Value $230.00 Weights Duration 1.00 8.00 10.0 4.28% 5.0 Barbell 4.28% 4.28% 4.28% 4.28% 10/1/2020 10/1/2025 10/1/2020 10/1/2035 4.42 10.91 $103.04 $126.96 0.45 0.55 8.00 15.0 Ladder 5.0 10.0 15.0 4.28% 4.28% 4.28% 4.28% 4.28% 4.28% 10/1/2020 10/1/2025 10/1/2020 10/1/2030 10/1/2020 10/1/2035 4.42 8.00 10.91 $69.45 $75.00 $85.55 0.30 0.33 0.37 8.00 The current yield curve is flat @ 4.28% for all maturities. You expect that the yield curve will shift as indicated in the table below. Current Year 5 Forecast 3.78% 4.28% 10 3.28% 4.28% 4.28% 15 2.28% Based on the projected changes in interest rates, which portfolio will perform the best? [Note: you can, if you so wish, answer this question without running any numbers and keep your reasoning purely conceptual and still earn the maximum points for the question.]