A company wishes to sell zero coupon bonds with a $25,000 face value, 23-years until maturity. The current yield to maturity for bonds of similar risk is 6.9%. What is the bond's issue price?

Select one:

a. $5,388.31

b. $5,487.12

c. $5,292.33

d. $5,217.98

e. $5,465.19