8. Suppose that you buy a $5,000 bond with a 12 percent annual coupon, payable semiannually on January 1 and July 1. On both January 1 and July 1, the bondholder will receive $300, for a total annual interest payment of $600 ($300 + $300). Based on the principal and accrued interest only, how much would you expect to pay to purchase this bond on May 1?

A. $5,200 C. $5,300

B. $5,000 D. $5,600