Based on the following information concerning a corporate bond:

Par value: $$1,000$

Time le

Years to maturity: $15$ years

Coupon rate: $8\%$ paid semiannually

Current interest rate: $12$

What is the expected price of the bond in $5$ years? Assume that the interest rate will rema the same as the current rate.

Select one:

a$.765\mathrm{.}87$

b$.770\mathrm{.}60$

c$.775\mathrm{.}09$

d$.780\mathrm{.}23$