Question: Using Exhibit 1, draw the YTM curve for bond A, B, and C in one graph for both at the time of purchase and at

Using Exhibit 1, draw the YTM curve for bond A, B,

Using Exhibit 1, draw the YTM curve for bond A, B, and C in one graph for both at the time of purchase and at current price. Show graphically that the yield curve has steepened (either hand draw or excel).

Exhibit 1 Berendsen Fixed-Income Portfolio Characteristics Bond A Bond B Bond c 4.45% 0.50% 15-Feb-2021 9.00% 15-Aug-2023 15-Feb-2027 Coupon rate Maturity date YTM at time of purchase YTM at current price Market value 2.95% 4.72% 4.97% 1.85% 5.07% 4.70% USD930,720 USD732,412 USD986,100 Allocation 28% 35% 37% Macaulay duration 1.49 3.48 6.43 Note 1: Interest earned on cash: 1.00% Note 2: Portfolio cash flow yield: 4.15% Exhibit 1 Berendsen Fixed-Income Portfolio Characteristics Bond A Bond B Bond c 4.45% 0.50% 15-Feb-2021 9.00% 15-Aug-2023 15-Feb-2027 Coupon rate Maturity date YTM at time of purchase YTM at current price Market value 2.95% 4.72% 4.97% 1.85% 5.07% 4.70% USD930,720 USD732,412 USD986,100 Allocation 28% 35% 37% Macaulay duration 1.49 3.48 6.43 Note 1: Interest earned on cash: 1.00% Note 2: Portfolio cash flow yield: 4.15%

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