Earnest Corporation issued $200,000, 10-year mortgage bonds to Eather Corporation at Par value. The bonds bear a nominal interest rate of 11% and interest is paid semi-annually on January 1 and July 1. The market rate of interest is 10%. The original issue price of bonds for Net Corporation would be (Round your answer to the nearest dollar) a. $212,462 b. $200,000 c. $105,975 d. $188,050