Charlotte is considering the purchase of a 15-year, noncallable bond with an annual coupon rate of 13.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If Charlotte requires an 11% nominal yield to maturity on this investment, what is the maximum price Charlotte should be willing to pay for the bond? A. $981.03 B. $1,125.47 C. $1,181.67 D. $694.29 E. $1,803.01