. Consider a 4.0% coupon seven year T-note with a par of $1,000 which pays interest semiannually. The maximum number of STRIPS this T-note could be stripped into is _____ (1 point):

8

7

11

15

10. You purchased a convertible bond tree years ago. It has a 7.5% coupon rate, par value of $1,000, interest is paid semiannually, and the bond matures in 6 years. If the bond is convertible at $31.25 per share, calculate conversion ratio (1 point):

25

32

31

35