Problem:
You have the following bond: $10,000 par value, Mkt Rate of interest is 9.25%, coupon rate is 10.5%, compounded semi-annually, 35 years to maturity. The PV of the bond is _______. Five years from now, with no change in market interest rates, how much is the bond worth?
A.11,315.05
B.$11,261.68
C.$11.032.20
D.$11,073.68
E.$11,294.30
Explain comprehensively and show all calculation.