The correct answer is: a)
In your approved calculator, key the following amounts and solve for i:
FV = 97.5
PMT = 4
n = 8
PV = 98.5
i = ? = 3.95
Therefore, Yield-to-Put = 3.95 x 2 = 7.90%
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The correct answer is: C) Step 1: Future value of reinvested coupons. PMT = 3.20; n = 10; I = 2.9% Therefore, FV = 36.516
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