The Seaside Inn Has Bonds Outstanding with a Par Value

The Seaside Inn has bonds outstanding with a par value of $1,000 each and a 4.30 percent coupon.The bonds mature in 7.5 years and pay interest semiannually.What is the current value of each of these bonds if the yield to maturity is 5.0 percent?

A) $938.40
B) $956.67
C) $988.55
D) $1,004.36
E) $1,009.47