Sam is interested in purchasing a typical European corporate bond with a face value of $2,000, a coupon rate of 7 percent, and a four-year term to maturity. If the current market rate for similar bonds is 9 percent, how much should he be willing to pay for this bond? Assume bond pays semi-annual coupon payment.

A : $1,870.41 B : $1,969.59 C : $1,967.26 D : $1,868.0