Lock-in now
0.150
0.100
1 0.000
0.250
Don’t lock-in 1 month Unchanged
0.261 0.083 0.120
0.210
0.190
0.500 0.250
Don’t lock-in now Unchanged Increase 0.5%
0.261 0.210 0.120
0.210
0.250
Decrease 0.5%
0.300
Lock-in 1 month
0.260
2 0.210
0.250
Don’t lock-in 1 month Unchanged
0.628 0.300
1.000
Problem 8-43 (b)
Don’t lock-in now. If rate
after one month, don‘t lock-in