A bond has $1,000 face value, 15 years to maturity, and 8.6% annual coupon rate with coupons paid semiannually. The bond is selling today for $980. If the yield to maturity of the bond remains the same for the next 7 years, what will be the price of the bond 7 years from today? $986.59 $987.56 $986.26 O $992.81 Question 8 1 pts A bond whose interest rate compounds monthly has a $1,000 face value, 11 years to maturity, and 8.4% annual coupon rate. Assuming the yield to maturity (YTM) of 8.6%, what is the bond's current market price? $985.80 $987.89 $986.13 $985.95