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What must be the price of a $10,000 bond with a 6.5% coupon rate, semiannual coupons, and five years to maturity if it has a

What must be the price of a $10,000 bond with a 6.5% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 8% APR?

A.

$10,619.63

B.

$10,754.44

C.

$9,227.76

D.

$9,391.68

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