2. The binomial interest rate tree for valuing a bond with a maturity of up to four years is shown below. Attach/show your work. al Find the value of the option-free bond b] Find the value of the putable bond c] Find the value of the embedded put option Putable Bond Valuation Binomial Interest Rate Tree Years To Maturity 4 Coupon Rate 6.50% Periods/Year Face Value [S] 100 Coupon 'C 6.5 Year 0 Year 1 Year 2 Year 3 Put Schedule NA 98 99 100 Interest Rate Tree 3.5000% 5.4289% 7.0053% 9.1987% 4.4448% 5.7354% 7.5312% 4.6958% 6.1660% 5.0483% 2. The binomial interest rate tree for valuing a bond with a maturity of up to four years is shown below. Attach/show your work. al Find the value of the option-free bond b] Find the value of the putable bond c] Find the value of the embedded put option Putable Bond Valuation Binomial Interest Rate Tree Years To Maturity 4 Coupon Rate 6.50% Periods/Year Face Value [S] 100 Coupon 'C 6.5 Year 0 Year 1 Year 2 Year 3 Put Schedule NA 98 99 100 Interest Rate Tree 3.5000% 5.4289% 7.0053% 9.1987% 4.4448% 5.7354% 7.5312% 4.6958% 6.1660% 5.0483%