Thunderbay Ltd. has a 20-year bond outstanding that matures in 14 years. The annual coupon rate is 11 percent, paid semiannually. Current annual nominal yields for bonds of similar risk are 9 percent. What is the price of this bond? (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) 1) $1,157.43 2) $1,257.43 3) $1,275.56 4) $1.175.49 5) $1.157.99