What is the current price of a bond that has 8 years until maturity? The face value of the bond is $10,000 and has a coupon rate of 8.61% compounded semi-annually and a yield rate of 8.6% compounded semi-annually.

Select one:

a.

$9,598.24

b.

$9,398.24

c.

$10,290.24

d.

$10,289.42

e.

$9,715.03

Clear my choice