You live in Finance World, where there are only 2 scenarios. 1: you can invest/borrow $100 for 1 year and you get/pay $106 at the end of a year. 2: You can invest/borrow $100 for 2 years and you get/pay $112 at the end of 2 years. What does your yield curve look like? What is the interest rate for year 2?
Next question. You live in Finance World, where there are only 2 scenarios. 1: you can invest/borrow $100 for 1 year and you get/pay $106 at the end of a year. 2: You can invest/borrow $100 for 2 years and you get/pay $112 at the end of 2 years. What does your yield curve look like? What is the interest rate for year 2?