Weismann Co. issued 17-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price?

a) $637.13

b) $1,615.66

c) $1,203.89

d) $1,136.66

e) $1,213.89