Flora is interested in purchasing a typical U.S. corporate bond with a face value of $2,000, a coupon rate of 8 percent, and a three-year term to maturity. If the current market rate for similar bonds is 9 percent, how much should she be willing to pay for this bond? Assuming that the bond pays semi-annual coupon payment.

• A : $1,587.37

• B : $1,949.37

• C : $1,923.89
• D : $1,948.42