Yukon Timber announces an offer to issue bonds with a $$30,000$ par value, a $5\%$ annual contract rate with interest payable semi annually, and with a three year life. If the market rate for such bonds is $4\%,$ what is the price of the Yukon Timber bond?

Select one:

a$.26,640$

b$.30,841\mathrm{.}05$

c$.750$

d$.4201\mathrm{.}05$

e$.38,041\mathrm{.}50$