Jill wants to buy 4-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 5.7 percent p.a. Assuming annual compounding, what would Jill be prepared to pay for the bond? ( to the nearest cent )

Select one:

a. $801.12

b. $972.09

c. $886.61

d. $1028.43