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Price Enterprises invested in the bonds of Greater Gloucester on January 1/2018. These 60 year $600,000 bonds pay interest of 3% every June 30

Price Enterprises invested in the bonds of Greater Gloucester on January 1/2018. These 60 year $600,000 bonds pay interest of 3% every June 30 and December 31. The effective rate of interest for similar bonds on January 1 was 4% What is the purchase price of these bonds? OA $502.000 OB. $624,000 OC. $600,000 OD 1463.934

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