A bond with a face value of $1,000 pays a 7% (APR) annual coupon, and matures in 10 years. Similar bonds trade at a yield to maturity of 8% (APR). What is the price of the bond? To answer this question, we need to identify number of periods N = 10 , coupon payments PMT = $ , discount rate = 8 %, future value FV = 1000 . The final