McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 6.5% coupon paid semiannually (3-25% 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 6.5% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer. O a. $980.86 O b. $975.75 O c. $991.08 O d. $970.64 O e. $985.97