ST-4.

BOND ARGILE TERATHON

$1,000 (VALUE) $872 (VALUE)

YEAR C, (t)(PV(C,» C, (t)(PV(C,»

1 $ 80 $ 74 $ 65 $ 60 2 80 137 65 111 3 80 191 65 155 4 80 235 65 191 5 80 272 65 221 6 80 302 65 246 7 80 327 65 265 8 80 346 65 281 9 80 360 65 293 10 1,080 5,002 65 301 11 65 307 12 65 310 13 65 311 14 65 310 15 1,065 5,036 Sum of (t)(PV(Ct)) $7,246 $8,398 Duration 7.25 9.63