Valuing Bonds In March 2017, Volkswagen AG issued an eight-year bond with face value of €1,000 and paying an annual coupon of 2 per cent. What is the price of the bond if the YTM is:

(a) 1 per cent.

(b) 2 per cent.

(c) 4 per cent.

Assume interest is calculated at the beginning of the period and paid annually.