22. Shirley's indexed annuity's external index uses a point-to-point strategy. What interest rate would be applied to the funds in her contract if the index closing level at the starting point of the index term period was 1000, the ending point was 1200, the participation rate was 100 percent, and the cap rate was 18 percent? Oa. 2 percent b. 12 percent c. 18 percent d. 20 percent