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What is the market price of a 5700,000, ten-year, 11% bond lssue sokd to yield an ellective rate of 9% if interest is paid semianrually?

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What is the market price of a 5700,000, ten-year, 11% bond lssue sokd to yield an ellective rate of 9% if interest is paid semianrually? (Use sproadeheet soltware or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer fo the nearest dollar) A. $813,592 B. 5473,265 C. $789,847 D. $791,056

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