Question 3 Not yet answered Marked out of 1 P Flag question 38. MOHAMMED has excess cash that is to be invested for four years. He can purchase four-year Treasury notes that offer a 9 percent yield. Alternatively, he can purchase new 20-year Treasury bonds for $2.9 million that offer a par value of $3 million and an 11 percent coupon rate with annual payments. The manager expects that the required return on these same 20-year bonds will be 12% percent four years from now. What is the forecasted market value of the twenty-year bonds in four years? O a. 3,908.098 O b. 3,987.09 O c. 2,898.89 O d. 2,790,720