Justin Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (r_d) is 6.20%, based on semiannual compounding. What is the bonds price?

$1,074.05

$1,047.19

$1,157.35

$1,101.58

$1,129.12