Whatever, Incorporated, has a bond outstanding with a coupon rate of $5\mathrm{.}98$ percent and semiannual payments. The yield to maturity is $5\mathrm{.}5$ percent and the bond matures in $18$ years. What is the market price if the bond has a par value of $$1,000?$

Multiple Choice

$$1,056\mathrm{.}03$

$$1,075\mathrm{.}50$

$$1,054\mathrm{.}41$

$$1,053\mathrm{.}98$

$$1,057,42$

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$5$ of $30$