Haswell Enterprises' bonds have a 25-year maturity, a 8% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.5%, based on semiannual compounding. What is the bond's price?
a. 1,063.62
b. 1,080.29
c. 1,118.31
d. 1,125.51
e. 1,184.14