Question: 4 O Questions numbered 6 to 8 are based on the following information. Mohamed just purchased a new 3-year bond with a maturity value of

4 O Questions numbered 6 to 8 are based on the following information. Mohamed just purchased a new 3-year bond with a maturity value of $20,000 that pays a semi-annual coupon of $325 at the end of each six months. The interest rate on comparable 3-year investments is 9.25% compounded semi-annually. What is the present value of the face amount? O a) $15,248.15. O b) $16,917.72. O c) $17,463.19. O d) $18,354.50

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