Suppose you wish to purchase a coupon bond with a $1,000 par value. It pays a semi-annual coupon with an annualized coupon rate of 5%. The required yield to maturity on the bond is 6%. It has 3 years to maturity. What is the price you can purchase that bond for?

(a) $827.89

(b) $972.91

(c) $973.27

(d) $985.86