Today is February 15, 2011. What is the price at which you can sell your ABC bond if it is quoted at 105% of its $1,000 face value? Noting that ABC company pays interest semi-annually, has a coupon rate of 6% and matures on January 1, 2020 (Assume 365 days per year) pick the nearest answer.

a. 1,051.00

b. 1,046.22

c. 1,050.00

d. 1,053.78