Reed Corp. sells $1,050,000 of bonds to private investors. The bonds are due in five years, have a 4% coupon rate and interest is paid semiannually. The bonds were sold to yield 6%. What proceeds does Reed receive from the investors? Select one: a. None of these are correct. b. $961,540 c. $960,433 d. $1,143,488 e. $1,144,317