Rick Bought a Bond When It Was Issued by Macroflex

Rick bought a bond when it was issued by Macroflex Corporation 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. If the yield on similar risk investments is 14 percent, the current market value (price) of the bond is: (Round the answer to two decimal places.)

A) $841.15.
B) $1,238.28.
C) $904.67.
D) $757.26.
E) $844.45.