Maria would like to purchase a 13-year bond. Before the bond matures, it will pay an annual coupon payment of $115 at the end of each year. When the bond matures at the end of year 13, it will pay $1,000. If Maria would like to have a rate of return of 15.00% on her bond investment, how much should Maria pay for this bond?

Please choose answer from below and explain:

*$823.28

*$914.06

*$1,162.53

*$804.59