Gugenheim, Inc. needs to finance the purchase of yet another masterpiece. To this end, the companyis selling some bonds that were donated by a wealthy donor. The bonds havea 7.50 percentannualcoupon. The yield to maturity is 4.15 percent and the bonds mature in11 years. What is the market price of a $1,000 face value bond? Assume the next coupon is received in one year.

A) $651.75

B) $1,012.39

C) $1,370.26

D) $1,291.12

E) $965.24