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A bond just paid its $80 annual coupon. The bond matures in 10 years, so there are 10 remaining annual coupons. The par value of

A bond just paid its $80 annual coupon. The bond matures in 10 years, so there are 10 remaining annual coupons. The par value of the bond is $1,000. If the yield to maturity of the bond is 7%, the bond value today must be _____.

$1,561.89

$1,800

$561.89

$1,070.24

$508.35

$800

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