QUESTION $18$

A three$-$year bond has an $8\mathrm{.}0$ percent coupon rate and a $$1,200$ face value. If the yield to maturity on the bond is $10$ percent, calculate the price of the bond assuming that the bond makes semiannual coupon payments.

$$852\mathrm{.}51$

$$949\mathrm{.}24$

$$857\mathrm{.}96$

$$1,057\mathrm{.}54$

$$1,139\mathrm{.}09$