McCurdy Co$.\text{'}$s Class Q bonds have a $12-$year maturity, $$1,000$ par value, and a $5\%$ coupon paid semiannually $(2\mathrm{.}5\%$ each $6$ months$),$ and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p bonds pay a $5\%$ annual coupon. Neither bond is callable. At what price should the annual payment bond sell?

Select the correct answer.

a$.$ $$988\mathrm{.}56$

b$.$ $$994\mathrm{.}70$

c$.$ $$985\mathrm{.}49$

d$.$ $$991\mathrm{.}63$

e$.$ $$982\mathrm{.}42$