Devine Divots Issued a Bond a Few Years Ago That

Devine Divots issued a bond a few years ago that has a face value equal to $1,000 and pays investors $30 interest every six months.The bond has eight years remaining until maturity.If you require a 7 percent rate of return to invest in this bond, what is the maximum price you should be willing to pay to purchase the bond?

A) $761.15
B) $939.53
C) $940.29
D) $965.63
E) $1,062.81