Consider a bond with a $7\%$ annual coupon and a face value of $$1,000.$

Calculate the current price if the years to maturity is $3$ and the yield to maturity is $5\%($Round to the nearest tenth$).$

$$1054\mathrm{.}47$

$$925\mathrm{.}67$

$$1050\mathrm{.}23$

$$1000$