A three$-$year bond has an $11$ percent coupon rate and a $$1,000$ face value. If the yield to maturity on the bond is $15$ percent, calculate the price of the bond assuming that the bond makes semiannual coupon payments.

Multiple Choice

$$ $$789\mathrm{.}88$

$$906\mathrm{.}12$

$$1,077\mathrm{.}54$

$$ $$1,000\mathrm{.}00$