Question: Use the option data from the table LOADING... to determine the rate Buffin would have paid if it had issued $113.61 billion in zero-coupon debt

Use the option data from the table LOADING... to determine the rate Buffin would have paid if it had issued $113.61 billion in zero-coupon debt due in January 2017. Suppose Buffin currently had $298.97 million shares outstanding, implying a market value of $121.34 billion. The current two-year risk-free rate is 4.50%. (Assume perfect capital markets.)

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