Your first assignment has been posted (in the side-bar to the right). It is due on Tuesday 2/5.
As I mentioned in class yesterday, this assignment has to do with the inverted yield curve and will be equivalent (in terms of grades) to two problem sets.
I have written a very extensive step-by-step description of what you have to do, so I am hoping it should be fairly simple. The thinking – fortunately or unfortunately, depending on your perspective – you will have to do on you own.
In my estimate it should not take you more than an hour or two. If it is taking longer than two hours, come see me.