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[ 4 pts. ] Janice is planning to buy a 8% $230,000 5-year bond. She is going to receive a quarterly dividend for 5 years.

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[ 4 pts. ] Janice is planning to buy a 8% $230,000 5-year bond. She is going to receive a quarterly dividend for 5 years. Which one of the following value is closest to the maximum amount she should pay today to make a nominal 14% per year compounded semiannually in this investment? (Assume no inter-period interest accrued when payment period is smaller than compounding period.) Select one: a. 136,153 b. 226,921 c. 99,845 d. 181,537

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