An investor purchases a 5-year, $1,000 par value bond with a $40 annual coupon payment. If the annual market rate of interest is 11%, what is the current price of the bond (rounded to the nearest dollar)? # of periods 1 N3456 2 OA) $741 OB) $623 OC) $593 OD) $843 Table Factors at 11% Interest Rate PV of an ordinary annuity of $1 PV of $1 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 FV of $1 1.11000 1.23210 1.36736 1.51807 1.68506 1.87041 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 FV of an ordinary annuity of $1 1.0000 2.1100 3.3421 4.7097 6.2278 7.9129