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Bond A has a face value of $50,000 and matures in 20 years. The bond makes no payments for the first six years, then pays

Bond A has a face value of $50,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. The required return on the bond is 10 percent compounded semiannually.What is the current price of Bond A?

25,201.82

50,000.00

7,102.28

1,217.51

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