Plato Corporation's bonds have a 25-year maturity, a 7.40% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.40%, based on semiannual compounding. What is the bond's price? a) $1,047.79

b) $1,114.05

c) $1,123.12

d) $1,123.90

e) $1,132.55