Nascar Marketing, Inc. is a sports marketing agency. They have bonds which have a face value of $1,000. The bonds carry a 5 percent semi-annual coupon, and mature in 16 years. What is the current price of these bonds if the yield to maturity (the going market rate, rd) is 4 percent? $1, 704.05 $731.89 $1, 116.52 $1, 117.34 $825.22