1 (15 points). A 10-year municipal bond was issued 4 years ago. Its coupon interest rate is 12% per year, interest payments are made semiannually, and its face value is $2500. The current bold holder wants to sell the bond (immediately after the gth semiannual interest payment). If the current market interest rate is 10.25%/year, what should be the bond's price? $2230 $2600 $2720 $3000