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Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.5%, based

Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.5%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $1,059.61

b. $1,054.59

c. $1,062.12

d. $1,057.10

e. $1,064.63

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