uestion $5(1$ point$)$

Haswell Enterprises' bonds have a $15-$year maturity, a $10\mathrm{.}40\%$ quarterly coupon, and a par value of $$1,000.$ The going

interest rate is $9\mathrm{.}20\%,$ based on quarterly compounding. What is the bond's price?

$$1,097\mathrm{.}10$

$$1,097\mathrm{.}36$

$$1,095\mathrm{.}60$

$$1,096\mathrm{.}59$

$$1,093\mathrm{.}68$