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ABC Inc. ' s bonds mature in 8 years, have a par value of $ 1 , 0 0 0 , make semiannual interest payments,

ABC Inc.'s bonds mature in 8 years, have a par value of $1,000, make semiannual interest payments, and have a coupon rate of 6%. The market requires an interest rate of 8% on these bonds. What is the bond's price?
A.
$775.45
B.
$676.26
C.
$883.48
D.
$1,127.10
E.
$901.68

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