You have decided to invest in an n/2 year bond with semi-annual coupons and the following characteristics: - Face value is 10,000. - The ratio of the semi-annual coupon rate, r, to the desired semi-annual yield rate, i, is 1.05. - It is redeemable at par. Given (1 + i)^n = 10/9 Determine the price of the bond.

(a) 10,050 (b) 10,500 (c) 10,005 (d) 11,000 (e) 11,050