A newly issued 10 year bond is valued at par on June 1, 2017. The bond has an annual coupon of 8.0 percent. On June 1 2020, the bond has a yield to maturity of 7.1 percent. The first coupon is invested at 8.0 percent and the second coupon is reinvested at 7.0 percent. The future price of the bond on June 1, 2020, is closest to:

a. 105.4%

b. 100 % of par

c. 104.8% of par

d. 102.5% of par