The make-believe bonds of Facebook carry a 12% annual coupon, have a $1,000 face value, and mature in 5 years. Bonds of equivalent risk yield 9%. What is the market value of Facebook bonds?

11. A) $1,011.20
12. B) $1,087.25
13. C) $1,095.66
14. D) $1,116.69
15. E) $1,160.25