On 1/1/19, Lantana Loan Co

On 1/1/19, Lantana Loan Co., a calendar-year company, accepts a 4%, $200,000 three-year loan that pays interest semi-annually on 6/30 and 12/31 from Diamond Distributors, when the market rate of interest was 6%. In exchange for the note, Diamond agrees to make semi-annual interest payments and repay the full $200,000 at maturity. How much cash will Diamond receive in exchange for this note?

A) $200,000
B) $196,000
C) $189,308
D) $189,166