Wine and Roses, Inc. offers a 9.0 percent coupon bond with semi annual payments and a yield to maturity of 9.78 percent. The bonds mature in 7 years. What is the market price of a $1,000 face value bond?
A. $961.12
B. $1,409.71
C. $1,512.53
D. $1,448.59
E. $1,035.39