1.) Price for each movement

2.) Total return assuming a 1 year horizon for each

3.) If you are Bullish on rates which bond would you buy?

4.) If you are Bearish on rates which bond would you buy?

200 -100 200 Benchmark 100 Yield MMD Spread Cusip Name Coupon Maturity Call Moody's SP Yield Yield Yield Yield Yield Carroll City 144709GZ9 7/1/2045 7/1/2025 Aa2 3.05 2.05 1.05 4 AA 2.23 0,82 4.05 5.05 Hosp Gainesville 362762LT1 2/15/2045 2/15/2027 A 2.89 0.66 1.89 0.89 A 2,23 3,89 4.89 Hosp Gainesville 362762LR 2/15/2045 1 19 A 3.19 2.23 0.96 4.19 5.19 2.19 Hosp N/C 200 -100 200 Benchmark 100 Yield MMD Spread Cusip Name Coupon Maturity Call Moody's SP Yield Yield Yield Yield Yield Carroll City 144709GZ9 7/1/2045 7/1/2025 Aa2 3.05 2.05 1.05 4 AA 2.23 0,82 4.05 5.05 Hosp Gainesville 362762LT1 2/15/2045 2/15/2027 A 2.89 0.66 1.89 0.89 A 2,23 3,89 4.89 Hosp Gainesville 362762LR 2/15/2045 1 19 A 3.19 2.23 0.96 4.19 5.19 2.19 Hosp N/C