Given the following information: on a bond: Par Value: $10,000 Coupon Rate: 8.6%, semi-annual payments Maturity: 11

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Question:

Given the following information: on a bond:
Par Value: $10,000
Coupon Rate: 8.6%, semi-annual payments
Maturity: 11 years
Mkt Rate of Interest: 11.00%
You pay: $8,670.00

What is the NPV of this transaction?

A. $0.00
B. $8,490
C. $90
D. $180
E. ($180)