your friend recently inherited some bonds (face value $100,000) from her father and soon there after she became engaged to Sam spade, a university of florida marketing graduate. sam wants your friend to cash in the bonds so the two of them can use the money to "live like royalty" for three years in Monte Carlo. the 4 percent coupon bonds mature in exactly twenty years. interest on these bonds is paid quarterly and its yield to maturity is 12 percent. if your friend sells her bonds now and puts the proceeds into an account which pays 12 percent compounded semi- annually, what would be the largest equal annual amounts she could withdraw every six months for three years , beginning today?

A. $7,720

B. $7,597

C. $8,053

D. $7,360

E. $8,184