Jeremy Kohn is planning to invest in a 5-year bond that pays a 10 percent coupon. the current market rate for similar bonds is 8 percent. assume semiannual coupon payments. How much should you be willing to pay for this bond? (Do not round intermediate computations. Round final answer to nearest whole number.)

Answer choices:

A) $1,081

B) $1,187

C) $1,055

D) $1,200