Question: 5. Does the binomial interest rate model shown below imply an upward-sloped, downward-sloped, or flat spot rate curve? (3pt) 0 1 2 0.5 0.06

5. Does the binomial interest rate model shown below imply an upward-sloped,

5. Does the binomial interest rate model shown below imply an upward-sloped, downward-sloped, or flat spot rate curve? (3pt) 0 1 2 0.5 0.06 0.5 0.055 0.5 0.05 0.5 0.05 0.045 0.5 0.5 0.04

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