The Seaside Inn has bonds outstanding with a par value of $1,000 each and a 4.30 percent coupon. The bonds mature in 7.5 years and pay interest semiannually. What is the current value of each of these bonds if the yield to maturity is 5.0 percent?

$1,004.36

$938.40

$956.67

$988.55

$1,009.47