Crossdyme Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? 1. $1,266.98 2. $1,165.62 3. $1,220.55 4. $1,507.70 5. $1,114.94