Wine and Roses, Inc., offers a bond with a coupon of 7.00 percent with semiannual payments and a yield to maturity of 7.89 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

A) $943.41

B) $1445.06

C) $1020.13

D) $1498.35

E) $1388.48