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Berkshire Hathaway Inc. offers a bond with a coupon of 1 6 percent with semiannual payments and a yield to maturity of 1 2 .

Berkshire Hathaway Inc. offers a bond with a coupon of 16 percent with semiannual payments and a yield to maturity of 12.78 percent. The bonds mature in 14 years. What is the market price of a $1,000 face value bond?
$1,146.10
$638.87
$1,207.48
$823.95
$1,205.17
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