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A 8 - year, $ 1 0 0 0 face value bond makes annual payments and has a coupon rate of 8 . 9 percent.

A 8-year, $1000 face value bond makes annual payments and has a coupon rate of 8.9 percent.
If the current yield on the bond is 8.7 percent, what is the bond's price?
Correct response: 1,022.99+-0.01
Suppose that a year from now the bond sells at a yield to maturity of 9.6 percent. What is the price of the bond? Enter your answer
rounded to two decimal places.
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