National Trucking, Inc., will issue $20-$year, semiannual

bonds with a $6\mathrm{.}0\%$ coupon rate and a $$1,0Q$ par value.

Bonds of similar risk and maturity are currently selling to

yield $5\mathrm{.}20\%$ in the market place. What is the market price

of one of the firm's new bonds? Use a financial calculator

to determine your answer.

$$1,000\mathrm{.}00$

$$1,124\mathrm{.}72$

$$1,116\mathrm{.}24$

$$1,098\mathrm{.}74$