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The First Trust of Bowmanville is offering today a security consisting of a single coupon payment, due 12 months from today, of $8,760.00, taken from

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The First Trust of Bowmanville is offering today a security consisting of a single coupon payment, due 12 months from today, of $8,760.00, taken from a fully-insured, five year term, constant payment mortgage. If you want to buy this coupon and see the one-month riskless market rate of interest is 45 basis points, the twelve-month riskless market rate of interest is 1.78% and the eighteen month riskless market rate of interest is 2.10%, you would offer First Trust approximately what amount today

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