You have decided to invest in Bond $x,$ an $n-$year bond with semi$-$annual coupons and the following

characteristics:

Par value is $1000$

The ratio of the semi$-$annual coupon rate to the desired semi$-$annual yield rate, $\frac{r}{i},$ is $1\mathrm{.}03125.$

The present value of the redemption value is $381\mathrm{.}5.$

Given $v^n=0\mathrm{.}5889,$ what is the price of bond $x?$

A$)1,055$

B$)1,072$

C$)1,073$

D$)1,069$

E$)1,044$