RB_CH03_Q015. Yield curve corporate vs treasuries strategy

You construct a yield curve for (coupon-bearing) treasuries. You also construct a particular five-year corporate zero-coupon bond has a default risk premium of 1% over the level of your treasuries yield curve at the five-year mark. You believe that the yield curve is going to flatten in such a way that the default risk premium of the five-year corporate zero remains constant (short-term rates rise, long-term rates fall, and the yield on the five-year coupon-bearing treasury and five-year corporate zero remain unchanged). What strategy should you pursue using the five-year zero-coupon corporate bond and treasuries to position yourself to profit from your beliefs?