Gamma Corp plans on issuing new bonds with a coupon rate of 8% p.a. and with monthly coupon payments. The face value of the bonds will be $100, and they will mature in 8 years' time. If the current yield is 6% p.a. compounded semi-annually, how much will each bond cost?

$113.19

$112.42

$115.09

$112.56

$88.35