A $1,000 par value bond's annual coupon rate is 4 percent and it pays coupon twice a year. The yield to maturity is 6 percent p.a. and it has 8 years to maturity. If the yield to maturity remains unchanged, how much is the price 3 years from now? Question 3 options:
a. 937.70
b. 971.71
c. 945.83
d. 914.70
e. 887.04