If a 16-Year 12 Percent Semi-Annual $100,000 T-Bond,currently Yielding 10

Multiple Choice

If a 16-year 12 percent semi-annual $100,000 T-bond,currently yielding 10 percent,is used to deliver against a 20-year,8 percent T-bond at 114-16/32,what is the conversion factor? What would the buyer have to pay the seller?

A) 1.158;$132,591.
B) 1.156;$115,600.
C) 1.150;$131,284.
D) 1.102;$124,200.