To help ease a continuing need for financing, the CFO of E$.$I.

DuPont de Nemours & Company is considering borrowing from

insurance companies $($private placement$)$ in addition to the public

debt markets. She must choose between transactions suggested by two

different insurance companies. In both transactions, DuPont would

receive $$10,000,000$ up front in exchange for a note promising a

single $($larger$)$ maturity payment from DuPont in $15$ years at a

promised interest rate. The two options are as follows$1-15$ year bond to pru$-$johntower life insurance company

promising an annual rate of intrest of $10\%2-$ a $15$ year bind to tom paine mutual life insurance company,

prmosing a rate of intrest of $9\mathrm{.}72\%$ per year, compounded

monthlyA$)$ what is the effective annual yeild to maturity on each of the

bondB$)$ what is the future reqired payment that consolidated chemical

will make $15$ years later on each bond?