Question $12$

$10$ pts

Several years ago, Prix issued $8\%$ bonds at $$980.$ The bonds currently have an $15\%$ yield to maturity and have $5$ years to maturity. What is the current price of the bonds?

$$ $$446\mathrm{.}62$

$$759\mathrm{.}76$

$$792\mathrm{.}88$

$$770\mathrm{.}35$