The following annual forward rates are available in the market today: F0,1 = 0.80%, F1,2 = 1.12%, F2,3 = 3.94%, F3,4 = 3.28% and F4,5 = 3.14%. The value per 100 of par value of a two-year, 3.5% coupon bond, with interest paid annually, is closest to:

		a. 101.58.
		b. 105.01.
		c. 109.82.
		d. 122.10
		e. 124.17