The embedded option that is least likely to be a benefit to the buyer of debt securities is the:

A. right to call the issue. B. accelerated sinking fund provision. C. right of the underlying borrowers in a pool of loans to repay an amount in excess of the scheduled principal payment.

An analyst gathered the following spot rates below. Calculate the one-year forward rate two years from now is closest to: TIME (Years) 1 2 Annual Spot Rate 15.0% 12.5% 10.0% 7.5% 3 4 A. B. C. 4.91%. 5.17%. 10.05%