Biyu buys a 12 year, $400,000.00 face value, 3.000% coupon bond. The bond is priced to yield (1) = 8.750%, and is secured by a sinking fund (set up by the issuer with monthly deposits), that earns 2.250% compounded quarterly. On default, Biyu claims the balance in the sinking fund. How much does she lose if the issuer defaults after 11 years (just after making their coupon payment, and sinking fund deposit). O a. $16,184.81. O b. $16,685.37 O c. $17.686.49. O d. $17.352.78 O e. $18,187.05. Biyu buys a 12 year, $400,000.00 face value, 3.000% coupon bond. The bond is priced to yield (1) = 8.750%, and is secured by a sinking fund (set up by the issuer with monthly deposits), that earns 2.250% compounded quarterly. On default, Biyu claims the balance in the sinking fund. How much does she lose if the issuer defaults after 11 years (just after making their coupon payment, and sinking fund deposit). O a. $16,184.81. O b. $16,685.37 O c. $17.686.49. O d. $17.352.78 O e. $18,187.05