Consider a bond which pays $4\mathrm{.}6\%$ semiannually and has $8$ years to maturity. The market

requires an interest rate of $8\%$ on bonds of this risk. What is this bond's price?

$$1,051\mathrm{.}59$

$$801\mathrm{.}91$

$$981\mathrm{.}72$

$$911\mathrm{.}53$

$$855\mathrm{.}88$