17. A 3,000 10% bond with quarterly coupons is redeemable after an unspecified number of years for 2,500. The bond is priced to yield 8% convertible quarterly. The present value of the redemption value is 892.75. Find the purchase price of the bond. A. Less than 3,175 B. At least 3,175, but less than 3,275 C. At least 3,275, but less than 3,375 D. At least 3,375, but less than 3,475 E. At least 3,475 18. Kate purchased a Ferrari for 180,800. She paid a down payment of 38,000 and the rest is paid with a 20 end-of-the-month payments with a nominal interest rate of 3.36% con- vertible monthly. What portion of the loan's total interest is incurred between the 7th and 18th payments? A. Less than 40% B. At least 40%, but less than 42% C. At least 42%, but less than 44% D. At least 44%, but less than 46% E. At least 46%