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Sean industries issued 11% bonds, dated January 1 with a face value of $150,000 on Jan 1 2021. The bonds mature in 2031 (10 years).

Sean industries issued 11% bonds, dated January 1 with a face value of $150,000 on Jan 1 2021. The bonds mature in 2031 (10 years). Interest is paid semiannually on June 30 and December 31. For bonds of similar risk and maturity the market yield is 13%. What was the issue price of the bonds?
A. $133,473
B. $90,903
C. $143,730
D.$101,413

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