You wish to analyze inflation expectations in the U.S. and gather the following data regarding U.S Government bonds: Maturity Real (TIPS) Yield Nominal Yield 5 Years -1.56% 0.86% 10 Years -0.62% 1.59% (i) Calculate the average inflation rate projection for the next five years implied by these yields. (6 points) (ii) Certain investors focus on forward inflation expectations, such as the implied five-year inflation rate beginning in five years time. Calculate that 5 year by 5 year rate using the information provided above. (10 points)