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You purchased a bond with a $10,000 face value and a 12% coupon rate. It has a 30-year maturity. Immediately before its 3rd payment, you

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You purchased a bond with a $10,000 face value and a 12% coupon rate. It has a 30-year maturity. Immediately before its 3rd payment, you sell the bond to your friend Jimmy. At the time of the re-sale, the interest rate in the economy is 8%. What is the selling price of the bond? a) 8k-9k b) 10k-11k c) 12k-13k d) 14k-15k e) none of the above

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