A 30-year corporate bond has an 8% coupon rate (annual payments) and a par value of $1,000. If investors require a 6% rate of return, what is the price of the bond?

A 30-year corporate bond has an 8% coupon rate (annual payments) and a par value of $1,000. If investors require a 6% rate of return, what is the price of the bond? $1,275.30$774.84$1,000.00$1,126.84