A company has 8-year bonds outstanding that pay an 6.3 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 9.1 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. $846

b. $672

c. $2007

d. $1172