Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year.$13,000 bond with coupon rate 8% that matures in 10 years; current interest rate is 4%.

A. $9268.63
B. $8748.63
C. $17,251.38
D. $17,771.38


Answer: C

Mathematics

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