IBN Corporation has outstanding bonds with a 6-year maturity, $1,000 par value, and 7% annual coupon paid semi-annually, and those bonds are sold at their par value. IBN has another semi-annual coupon bond with the same maturity and par value, but this bond pays a 6% coupon rate. If investors think these two bonds have the same risk, what is the price of the second bond?

$1,048.32

$951.68

$1,047.67

$1,002.26

$998.56