A bond with a face value of $1,000 matures in 12 years and has a 9% semiannual coupon. The bond has a nominal yield to maturity of 7%, and it can be called in 4 years at a call price of $1,045. Assume equilibrium, what is the price of the bond? Select one: a. $1174.00 b. $ 761.25 c. $1160.58 d. $ 863.88 e. $1117.45