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Bond A has a coupon rate of 9%, with a three-year maturity and a face value of $1,000. If the discount rate now or future

Bond A has a coupon rate of 9%, with a three-year maturity and a face value of $1,000. If the discount rate now or future is 9%, and you want to buy bond A now, what is the price you have to pay now (P0)?

a. $1,000.00

b. $1,200.00

c. $1,250.00

d. cannot be decided

e. none of the above

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