McCurdy Co$.\text{'}$s Class Q bonds have a $12-$year maturity, $$1,000$ par value, and a $6\mathrm{.}5\%$ coupon paid semiannually $(3\mathrm{.}25\%$ 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 $6\mathrm{.}5\%$ annual coupon. Neither bond is callable. At what price should the annual payment bond sell?

Select the correct answer.

a$.$ $$984\mathrm{.}09$

b$.$ $$970\mathrm{.}11$

c$.$ $$991\mathrm{.}08$

d$.$ $$963\mathrm{.}12$

e$.$ $$977\mathrm{.}10$