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What is the market price of a $400,000, ten-year, 5% bond isssue sold to yield an effective rate of 3% if interest is paid semiannually?

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What is the market price of a $400,000, ten-year, 5% bond isssue sold to yield an effective rate of 3% if interest is paid semiannually? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations the nearest dollar) and round your final answer O A. $471,250 O C. $468,675 O D. $468,242

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