5. Grohl Co. issued 8-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?

a) $1,531.43

b) $1,010.00

c) $718.96

d) $1,005.00

e) $1,000.00