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 8.8% and that the coupon payments are to be made semiannually.

Assuming the appropriate YTM on the Sisyphean bond is 10.8% , then the price that this bond trades for will be closest to:

a. $853

b. $1,194

c. $682

d. $1,024