You intend to purchase a 10 year, $1,000 face value bond with a 12% coupon rate payable semi-annually. If your required rate of return on this bond is 10%, how much should you be willing to pay for this bond?
A. $ 826.31
B. $1,086.15
C. $ 957.50
D. $1,431.49
E. $1,124.62