Find the price of a semi-annual coupon paying bond with 1.5 years to maturity. The coupon rate is 3%. The yield to maturity of the bond is 5% annualized. Assume face value of $100 and quarterly compounding.

a) None of these.

b) $90.31.

c) $97.10.

d) $100.65.

e) $101.38.