Shadow, Inc. issued a 30-year bond 6 years ago with a coupon rate of 6.25% and a face/par value of $1,000. The bonds make semiannual coupon payments. If today's YTM on these bonds is 5.50%, what should be the current bond price?
- $907.40.
- $1,098.64.
- $1,099.28.
- $1,109.00.
- $1,109.58.