A company has 6-year bonds outstanding that pay an 8.1 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 10.8 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. $885

b. $713

c. $1850

d. $1124