Consider a Security with a Face Value of $100 000

Multiple Choice

Consider a security with a face value of $100 000 to be repaid at maturity.The maturity of the security is three years.The coupon rate is 9% per annum and coupon payments are made semi-annually.The current discount rate is 12% per annum.What is the security's price (round your answer to two decimals) ?

A) $127,000.00
B) $100,000.00
C) $76,046.08
D) $92,624.01