McCurdy Co$.\text{'}$s Class Q bonds have a $12-$year maturity, $$1,000$ par value, and a $12\%$ coupon paid semiannually $(6\%$ 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 $12\%$ annual coupon. Neither bond is callable. At what price should the annual payment bond sell?

Select the correct answer.

a$.$ $$978\mathrm{.}07$

b$.$ $$971\mathrm{.}69$

c$.$ $$952\mathrm{.}55$

d$.$ $$958\mathrm{.}93$

e$.$ $$965\mathrm{.}31$