1. Analyze and discuss how modeling the term structure improves on the insights about yields and duration. Specifically, how does the Nelson-Siegel term structure and Nelson-Siegel-Sevensson Model determine yields inside known yield points and project the yield outside the known yields.
2. What is IRR and why it may not be the best method to evaluate a project?
3. Explain how a hospital's sensitivity analysis could be used to project or forecast a budget that is highly likely to change - the way that changing certain events may affect budgeting?