1. A coupon bond that pays interest annually has a par value of $1,000, matures in five years, and has a yield to maturity of 10%. The intrinsic value of the bond today will be _________ if the coupon rate is 12%. Show all written work.

A.) $922.77

B.) $924.16

C.) $1,075.82

D.) $1,077.20

E.) None of the Options