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Consider a bond with 20 years to maturity, face value of $1,000, and coupon rate of 8% (annual payments). The yield to maturity on this

Consider a bond with 20 years to maturity, face value of $1,000, and coupon rate of 8% (annual payments). The yield to maturity on this bond is 7%. Assuming the yield to maturity remains constant over time, what is the price of the bond immediately before it makes its first coupon payment?

$1,103.36

$1,185.94

$1,140.29

$1,105.94

$1,183.36

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