Assume you purchased a bond with the following particulars:$1000 bond, 8% coupon, semi-annual interest payments, 5 year bond.

One year after you purchased the bond, rates on comparable debt have declined to 7%. If you need to sell your bond, what is the price you should be able to receive? (current bond value)

A.973.25

B.881.76

C.1,100.23

D.1058.94

E.1034.37

F.None of the above