What must be the price of a $5,000 bond with a 6.7% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 8% APR?

A. $5,684

B.$3,789

C.$4,736

D.$6,631

If 12,000 is invested in a certain business at the start of the year, the investor will receive 3600 at the end of each year for the next 4 years. What is the present value of this business opp if the interest rate is 3% per year?

A. $1,382

B.$1,658

C.$691

D.$2,210