Engineering Economy

12.A bond with a face value of $18000, earning interest of 24% annually paid every, months (\$720.000 every two months) is offered for sale. The maturation time for bond is 6 years. How much should be paid for the bond if the yield rate is 12% compounded bimonthly? A) $28188.699 B) $26862.595 C) $27175.983 D) $43764.996 B) $40746.812