CGJ Bicycles, Incorporated, is currently selling bonds with an annual coupon of $11$ percent. The yield to maturity for these bonds is $5\mathrm{.}22$ percent and they will mature in $29$ years. What should be the current market price of each bond if they each have a face value of $$1,000?$

$$500\mathrm{.}02$

$$1,625\mathrm{.}47$

$$1,854\mathrm{.}11$

$$1,858\mathrm{.}82$

$$1,396\mathrm{.}84$