On January 1, Flyer Corp. issued 150, 5 year, 8%, $1,000 bonds with cash interest payable on July 1 and January 1. The market price for bonds of similar risk is 6%. What is selling price of the bonds? Round your calculation to the nearest dollar. A) $150,000 B) $218,002 C) $162,795 D) $214,877 E) $188,772 F) None of these numbers are correct.

On January 1 , Flyer Corp. issued 150,5 year, 8%,$1,000 bonds with cash interest payable on July 1 and January 1 . The market price for bonds of similar risk is 6%. What is selling price of the bonds? Round your calculation to the nearest dollar. A) $150,000 B) $218,002 C) $162,795 D) $214,877 E) $188,772 F) None of these numbers are correct