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36)Acme Inc. just issued a bond with a $10,000 face value and a coupon rate of 7%. If the bond has a life of 30

36)Acme Inc. just issued a bond with a $10,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays semi-annual coupons, and the yield to maturity is 9%, what will the bond sell for?

A) $7,936.20

B) $4,349.49

C) $7,945.27

D) $10,000

E) $7,904.45

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