Collegetown Pizza has a $1,000 face value bond with a 11% coupon rate; coupon payments are made once a year. The bond matures in nine years. Bonds similar to that of Collegetown Pizza have a required rate of return of 10%. At what price should the Collegetown Pizza bond be trading at?

Group of answer choices:

a - $890.00

b- $1,053.35

c - $1,000.00

d- $1,057.59