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Find the present value of a 3-year bond that pays an annual coupon, has a coupon rate of 6 percent, a yield to maturity of

Find the present value of a 3-year bond that pays an annual coupon, has a coupon rate of 6 percent, a yield to maturity of 5 percent, a par value of 1,000 when the yield to maturity is 5 percent.

A) 1,099.96

B) 1,018.81

C) 1,027.23

D) none of the options

what formula should i use ? And i got Fv=1000, n=3 C=30 from5*6i=0.05

thank you for your help!

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