Rally Ltd is planning to expand its specialty stores into five other states and finance the expansion by issuing 15-year zero coupon bonds with a face value of $1,000. If the yield is 6 percent and if similar coupon-bearing bonds pay coupons semiannually, what will be the price at which you will be willing to purchase these bonds? (Round to the nearest dollar.)

Select one: A. $412 B. $417 C. $824 D. $834