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 6%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $1,028.20

b. $1,021.00

c. $1,018.60

d. $1,023.40

e. $1,025.80