K-Roo Ltd. wants to expand internationally and is looking at the Eurobond market. It can choose between two bank syndicates that are willing to back the Eurobond issue, with the following fee schedules: Westpac ANZ Principal 378764 378764 Maturity 9 years 9 years Syndication fee 2.42% 1.51% Interest rate p.a. 6% 3.24% Coupons per year 2 4 What is the lowest effective annual interest rate K-Roo can achieve for the first payment period? O a. 0.03290 O b. 0.06149 c. 0.03240 O d. 0.03783 e. 0.02961