The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.7% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.4%, then the price that this bond trades for will be closest to:

a. $1563

b. $1,117

c. $893

d. $1,340