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# Ii) Compute and plot the price of a console whose dividend is (x) = 1 all x X. Compute and plot the consoles yield to maturity (the inverse of the...

Ii) Compute and plot the price of a console whose dividend is (x) = 1 all x X. Compute and plot the consoles yield to maturity (the inverse of the consoles price). Compute and plot the yield spread (the dierence between the yields to maturity of the console and the one-period bond). Is the yield spread pro-cyclical or counter-cyclical?