What Is the Current Price of a Debenture with a $500

Multiple Choice

What is the current price of a debenture with a $500 000 face value,a coupon rate of 9.5% paid semi-annually,six years remaining to maturity and market interest rates increased to 14%?

A) $320 149.12
B) $401 613.48
C) $410 644.78
D) $688 638.80