Assume that you are considering the purchase of a 14-year, noncallable bond with an annual coupon rate of 9.60%. The bond has a face value of $1000, and it makes semiannual interest payments. If you require an 11.50% yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

A. $869.31

B. $895.39

C. $999.71

D. $825.85

E. $947.55