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You own a bond with a face value of $10000. The bond offers a coupon rate of 4%, payable semi-annually, and the bond matures in

You own a bond with a face value of $10000. The bond offers a coupon rate of 4%, payable semi-annually, and the bond matures in exactly 12 years. Today, the yield on 12 -year bonds is 3% compounded semi-annually. What would your bond be worth now on the secondary market? (Round to the nearest dollar). A. $9,054 B. $10,545 C. $15,008 D. $11,002

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