Ad Corporation offers 7.25 percent coupon bonds with semiannual payments and a yield to maturity of 3.41 percent. The bonds mature in 18 years. What is the market price per bond if the face value is $1,000

a. 947.50

b. 1,011.93

c. 1,752.82

d. 1,801.14

e. 1,513.39