McCurdy Co$.\text{'}$s Class Q bonds have a $12-$year maturity, $$1,000$ par value, and a $5\mathrm{.}5\%$ coupon paid semiannually $(2\mathrm{.}75\%$ each $6$ months$),$ and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p bonds pay a $5\mathrm{.}5\%$ annual coupon. Neither bond is callable. At what price should the annual payment bond sell?

Select the correct answer.

a$.$ $$993\mathrm{.}14$

b$.$ $$980\mathrm{.}24$

c$.$ $$988\mathrm{.}84$

d$.$ $$975\mathrm{.}94$

e$.$ $$984\mathrm{.}54$