Grace Kenned Limited just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what is the present value of the bond's face value? Select one: O a. $341.15. O b. $1,000.00. O c. $235.41. d. $815.56.