An investor purchased a 14-year 5% semiannual coupons bond with face amount $100 that is callable on any coupon date in the 9th to 14th years: (i) In the 9th to 12th year, the bond is callable at redemption amount of $104. (ii) In the 13th and 14th year, the bond is callable at redemption amount of $109. The highest price this investor should pay in order to ensure a minimum nominal annual rate of interest of 6% convertible semiannually is:

A 92.63

B 95.84

C 101.45

D 94.55

E 93.50