Instructions: Consider the reaction below to answer the following question(s). 
-Refer to instructions. Draw the structure of product D.
Definitions:
Call Premium
The additional amount over the par value that a borrower must pay to redeem a bond before its scheduled maturity.
Par Value
The face value of a bond or stock, representing the amount to be returned to the holder at maturity; it may not necessarily reflect the market value.
Call Premium
The extra amount over the bond's face value that investors must pay to call away a bond before its maturity date.
Term Structure
The connection between different terms or maturities and interest rates or bond yields.
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