You Intend to Purchase a 10-Year, $1,000 Face Value Bond

You intend to purchase a 10-year, $1,000 face value bond that pays interest of $60 every 6 months. If your nominal annual required rate of return is 10 percent with semiannual compounding, how much should you be willing to pay for this bond?

A) $ 826.31
B) $1,086.15
C) $ 957.50
D) $1,431.49
E) $1,124.62