Consider a Six-Year Maturity, $100,000 Face Value Bond That Pays

Multiple Choice

Consider a six-year maturity, $100,000 face value bond that pays a 5 percent fixed coupon annually. What is the price of the bond if market interest rates are 4 percent?

A) $105,816.44.
B) $105,287.67.
C) $105,242.14.
D) $100,000.00.
E) $106,290.56.