A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond.

A)
P 1,133.78
B)
P 1,144.81
C)
P 1,122.70
D)
P 1,155.06

Correct Answer :   P 1,144.81