Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (r_d) is 7.5%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $916.56

b. $913.15

c. $923.38

d. $919.97

e. $909.74