LiquidAssets10

a quick follow up,
this is most likely the key to your problem
“i realy dont like how the coupon in the tree is placed at the time it is decided…
maybe if it was placed at the point it is paid, it would have been much easier for you to see it????
”
look back at exibit 16, you see the coupon showing up at the node it is going to be paid at
so at node nhhhh you get 100 +6.5
and you see 6.5 at node nHHHH
well in exibit 21 they decided to follow a diff convention for some reason…
probably to show you that the coupon is decide at the node before
but realy if you wana make sense of it just “bump” the coupons up in the tree
so the 9.1987 (coupon not the 9.1987%) should be bumped up to node Nhhhh
and the 7.0053 should be bumped up to node nhhh…etc….