Jack is planning to buy a 8-year bond with semi-annual coupons and a coupon rate of 4.3 percent p.a. The face value is $1,000. Given an annual yield of 6.8 percent, what is the bonds current price? (to the nearest cent)

Select one:

a. $847.68

b. $849.55

c. $1166.25

d. $590.79