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On January 1, Aaron, Inc. is issuing $100,000 worth of 12% bonds paying interest every June 30 and December 31 . The bonds have a

image text in transcribed On January 1, Aaron, Inc. is issuing $100,000 worth of 12% bonds paying interest every June 30 and December 31 . The bonds have a eight-year life. If the market is demanding a return of 138, approximately how much cash will Aaron, Inc. realize from the bond issue? A. $95,100 B. $97,600 C. $99,000 D. $105,100 E. $112,500

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