McCurdy Co.'s Class Q bonds have a 12-year maturity, \$1,000 par value, and a 7% coupon paid semiannually ( 3.5% each 6 nonths), and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p onds pay a 7% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer. a. $994.06 b. $1,001.12 c. $987.00 d. $997.59 e. $990.53