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Calculate the price of a 10-year $50,000 junk bond that pays a coupon rate of 10% p.a. (semi-annual compounding) if the market yield is 18%

Calculate the price of a 10-year $50,000 "junk" bond that pays a coupon rate of 10% p.a. (semi-annual compounding) if the market yield is 18% p.a. compounding semi-annually. A.$48,527.25

B.$31,742.90

C.$52,906.55

D.$43,586.35

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