Moerdyk Corporation's bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (r_d) is 4.75%, based on semiannual compounding. What is the bonds price?

Select one:

a. 1,090.35

b. 1,118.31

c. 1,063.09

d. 1,146.27

e. 1,174.93