Assignment 1 Every observation and position taken by you must be explained as if you are trying to convince me. Download quarterly 3-Month Treasury Bill: Secondary Market Rate (TB3MS) from FRED for 198101 to 202003. Is there any negative return? If yes, what percentage of your data? Use CPI (urban) from the same site to estimate the real rates for your data. Is there any negative return? If yes, what percentage of your data? If the determinants of interests hold, which element might cause the negative rates? If investors are investing with negative real return, does it mean the time value of money does not hold? Elaborate. Assignment 1 Every observation and position taken by you must be explained as if you are trying to convince me. Download quarterly 3-Month Treasury Bill: Secondary Market Rate (TB3MS) from FRED for 198101 to 202003. Is there any negative return? If yes, what percentage of your data? Use CPI (urban) from the same site to estimate the real rates for your data. Is there any negative return? If yes, what percentage of your data? If the determinants of interests hold, which element might cause the negative rates? If investors are investing with negative real return, does it mean the time value of money does not hold? Elaborate