please check the answers selected and help woth number 3 and 4

Question 1 (Mandatory) (6.25 points) Saver The following questions are from Chapter 10. Question 1 through Question 4 are based on the information on current spot and forward term structures (assume the corporate debt pays Interest annually In Table 1: Table 1. Term Structure of treasury billbonds and BAB corporate debt Spet 1 Year Spot 1 Year(1-year maturity) forward Treasury 2.75 percent 5.25 percent X BBB Corporate Debt 5.25 percent 8.75 percent Y Question 1. Which one of the following is closest to the value of X and Y respectively? Hint: Based on the table, X denotes the implied forward rate on one-year maturity Treasures to be delivered in one year, or in other words, the risk-free Interest rate in the second year. Y denotes the implied forward rate on one-year 888 corporate debt to be delivered in one year. OA) X- 6,23%, Y - 10.25% OB) X = 8.25%, Y - 10.25% OC)- 8.25%, Y- 12.37% OD) X - 7.81%, Y- 12.37% O EX- 7.81%, Y - 10.25% Question 2 (Mandatory) (6.25 points) SV Using the term structure of default probabilities in Table 1. what is the implied default probability for BBB corporate debt during the first year? A) 4,52% B) 3.94% C) 97.63% D) 98.24% E) 238% OD) 98.24% OE) 2.38% Question 3 (Mandatory) (6.25 points) Using the term structure of default probabilities, what is the implied default probability for BBB corporate debt during the second year? OA) 4,06% OB) 96.68% OC) 3.33% OD) 5.25% O E) 95.94% Question 4 (Mandatory) (6.25 points) Saved What is the cumulative probability of repayment of BBB corporate debt over the next two years? A) 6.33% B) 99.9% OC) 7.25% OD) 93.67% O E) 92.75%