For a 10-year regular bond with a par value of $1,000, which of the following statements is most correct if the bond coupon interest rate is less than the required rate of return on the bond?

1) It can be any of the following depending on the required rate of return. 2) The price of the bond is more than $1,000. 3) The price of the bond is exactly $1,000. 4) The price of the bond is less than $1,000.