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Gabrielle purchased a $4,000 12-year 9.5% semi-annual bond. Current market rates are 9.75%. Calculate the price paid for this bond. $3,930.16 $3,931.02 $4,000.00 $4,070.70

Gabrielle purchased a $4,000 12-year 9.5% semi-annual bond. Current market rates are 9.75%. Calculate the price paid for this bond.

		$3,930.16
		$3,931.02
		$4,000.00
		$4,070.70

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