A 6-year bond with a par value of $1,000 has a 12.2 percent annual coupon. The bond

currently sells for $1,144. If the bonds yield to maturity remains at its current rate,

what will be the price of the bond 3 years from now?

$1,081.25

$1,071.25

$1,061.25

$1,051.25

$1,041.25