Wine and Roses, Inc., offers a bond with a coupon of 9.5 percent with semiannual payments and a yield to maturity of 10.56 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond?

a.$1,504.69

b.$943.69

c.$1,439.00

d.$1,046.12

e.$1,448.37