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A bond with that pays $ 7 2 0 each half year has a semi - annual coupon rate of 3 % per half -

A bond with that pays $720 each half year has a semi-annual coupon rate of 3% per
half-year. There are 22 payments remaining before the bond matures and you want to
earn 10% compounded semi-annually. The first of those 22 payment is due now.
What is the most you should pay for the bond? The answer is within $50 of which of the
following:
A)17,766
B)17,966
C)18,166
D)18,366
E) None of the answers are correct

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