1. The real risk-free rate is 4%, and the annual inflation rate is expected to be 2% next year, 3% in year two, and 5% in year three. Three-year Treasury securities yield 10%. What is the maturity risk premium for the 3-year treasury?
2. Compare and contrast the fiscal health of the states of California, Mississippi, and Nevada in great detail, analyzing the use of particular revenue sources and patterns of spending.