The correct answer is B (17.30).

Explanation:

• The first coupon is reinvested at 4.75% for two years.
• The second coupon is reinvested at 4.75% for one year.
• The third coupon is not reinvested.

The calculation is as follows: $(5.50 \times 1.0475^2) + (5.50 \times 1.0475) + 5.50 = 17.2962 \approx 17.30$

Key Concept: The interest rates used for reinvestment are the market discount rates at the time of purchase and sale if the bond is not held to maturity. This question tests the understanding of reinvestment risk and the calculation of future values of coupon payments in fixed-income securities.