Lendin' Calling Inc. offers 8.50 percent coupon bonds with semiannual payments and a yield to maturity of 6.25 percent. The bonds mature in 16 years. What is the market price per bond if the face value is $1,000?

Group of answer choices

$725.99

$805.17

$807.06

$1,223.53

$1,225.52

$1,308.27