A company offers a 6% coupon bond with a yield-to-maturity of 6.5% compounded semiannually. The bond pays interest semiannually and matures in twelve years. If the par value is $1,000, then what is the current bond price?
a) $958.78
b) $959.21
c) $1,042.34
d) $1,453.43
e) $1,720.00