Consider two coupon bonds. The first coupon bond has a coupon of C(1) = 2, M = 100, and n = 2. The second bond has a coupon of C(2) = 2, M = 100, and n = 3. Also, consider a futures contract where the short side has the option to deliver either the first or the second bond at time 1 (assume the conversion factor for both bonds to be y = = 1). Calculate the futures price. For problems use the following risk adjusted interest-rate tree: 2% 2.5%, y = 1.5% 3%, yud - 2%, ydd = 1% Y y uu 31 - = =