Question: D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by

 D. Try to choose the correct answer, note that four wrong

D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by -1 pt.): [ 4 pts. ] Janice is planning to buy a 6% $120,000 20-year bond. She is going to receive a quarterly dividend for 20 years. Which one of the following value is closest to the maximum amount she should pay today to make a nominal 15% per year compounded semiannually in this investment? (Assume no inter-period interest accrued when payment period is smaller than compounding period.) Select one: O a. 72,786 b. 33,794 c. 38,993 d. 51,990

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