7.8 8.91 7.1 9.56 7.21 6.97 10.23 8.83 7.41 6.35 a) Use the adjacent interest rate tree to price an 8% coupon 4-Year $100 Par bond. The bond is puttable at the end of Year 1 for a price of $99.75, at the end of Year 2 for $99.85, and at the end of Year 3 at Par. b) What is the option value