A Bond Has a Coupon Rate of 8 Percent and a Yield

A bond has a coupon rate of 8 percent and a yield to maturity of 7.5 percent. What is the market price of a $1,000 bond if it has 15 years to maturity?

A) $1,073.32
B) $1,004.61
C) $999.16
D) $1,0864.34
E) $1,042.89