Astonvilla Company's bonds mature in $8$ years, have a par

value of $$1,000,$ and make an annual coupon rate of $7\mathrm{.}25$

percent. The market requires an interest rate of $8\mathrm{.}7\%$ on

these bonds. What is the bond's price?

$$930\mathrm{.}25$

$$926\mathrm{.}28$

$$918\mathrm{.}84$

$$965\mathrm{.}89$

$$972\mathrm{.}99$