An issue of Australian treasury bonds with par of $1,000 matures in 15 years and pays 8% coupon interest annually. The market price of the bonds is $1,085 and your required rate of return is 10% p.a. Determine the value of the bond to you, given your required rate of return.

A. $103.00

B. $108.00

C. $847.88

D. $1,085.00