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A $1,000 face value bond currently has a yield to maturity of 7.00 percent. The bond matures in 3 years and pays interest annually. The

A $1,000 face value bond currently has a yield to maturity of 7.00 percent. The bond matures in 3 years and pays interest annually. The coupon rate is 7 percent. What is the current price of this bond?

Select one:

a. $1,000.00

b. $1,010.84

c. $949.60

d. $1,008.18

e. $1,010.13

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