A company has 10-year bonds outstanding that pay an 5.3 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 9.3 percent p.a.. What should the company's bonds be priced at today? Assume annual coupon payments and a face value of $1000. (Rounded to the nearest dollar)

Select one: a. $747 b. $579 c. $2433 d. $1304