Dhalia Corporation Issued $100 Million Bonds That Mature in 30

Dhalia Corporation issued $100 million bonds that mature in 30 years and have a 5% coupon rate that is paid annually. If the bonds were sold to yield 3.4%, determine the price of the bonds at the
End of year 15.

A) $103,202,658
B) $105,659,506
C) $107,244,589
D) $118,559,603
E) $126,658,944