Find the Price a Purchaser Should Be Willing to Pay $\$ 24,000$

Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice ayear.
- $\$ 24,000$ bond with coupon rate $7 \%$ that matures in 12 years; current interest rate is $5 \%$ .

A) $\$ 13,269.01$
B) $\$ 14,109.01$
C) $\$ 29,132.40$
D) $\$ 28,292.40$