Harry Ltd is issuing a $$1,000$ corporate $10-$year bond with a coupon rate of $4$ per cent. The interest rate for similar bonds is currently $2$ per cent. Assuming annual payments, what is the present value of the bond? Round off your answer to the nearest dollar amount.

a$.$

$$1180$

b$.$

$$1647$

c$.$

$$1032$

d$.$

$$1974$