Haswell Enterprises' bonds have a 10-year maturity, a 8.0% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.0%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $1,063.62

b. $1,071.06

c. $1,113.89

d. $1,125.51

e. $1,184.14