Weismann Company issued $12-$year bonds a year ago at a coupon rate of $7$ percent. The bonds make semiannual payments and have a par value of $$1,000.$ If the YTM on these bonds is $12$ percent, what is the current bond price?

Multiple Choice

$$1,726\mathrm{.}49$

$$795\mathrm{.}40$

$$698\mathrm{.}96$

$$708\mathrm{.}96$

$$724\mathrm{.}01$