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 8^th semiannual interest payment). If the current market interest rate is 10.25%/year, what should be the bonds price?

1)$3000

2)$2230

3)$2720

4)$2600