Trade fixtures are treated as personal, not real, property because of a presumption that neither party intends such fixtures to become a permanent part of the realty

The following decision tree has how many state of nature nodes?

A) 0 B) 1 C) 2 D) 3 E) 4

You wish to create a synthetic forward rate agreement in which you would lock in a return between 150 and 310 days. The price of a 150-day zero coupon bond is 0.9823 and the price of 310-day zero coupon bond is 0.9634

What is the approximate yield on the synthetic FRA? A) 1.8% B) 2.0% C) 2.9% D) 3.8%