The Country Inn Has Bonds Outstanding with a Par Value

The Country Inn has bonds outstanding with a par value of $1,000 each and a 5.25 percent coupon.The bonds mature in 8.5 years and pay interest semiannually.What is the current value of each of these bonds if the yield to maturity is 6.0 percent?

A) $938.40
B) $950.63
C) $988.55
D) $1,004.36
E) $1,009.47