5.Suppose that you buy a $2,000 bond with a 10-percent annual coupon, payable semiannually on January 1st
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5.Suppose that you buy a $2,000 bond with a 10-percent annual coupon, payable semiannually on January 1st and July 1st. On both January 1st and July 1st, the bondholder will receive $100 for a total annual interest payment of $200 ($100 + $100). Based on the principal and accrued interest only, how much would you expect to pay to purchase this bond on April 1st?
A.$2,050B.$2,000C.$2,100D.$2,200
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