[单选题]

A straight 5% coupon bond has two years remaining to maturity and is priced at $986($1,000 par value). A putable bond, which is the same in every respect as the straight bond except for the put provision, is priced at 1076 (percent of par value). With the yield curve flat at 6%, what is the value of the embedded put option?

A.$17.60.

B.$26.77.

C.$35.93.

参考答案与解析:

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