If a bond pays 7% annual coupons and has 9 years to maturity. The market requires an interest rate (i.e., YTM) of 5.85% on bonds of this risk. What is this bond's price? [Note: As discussed, if the face value information is not provided, the default setting is Face Value =$1000.] A) 913.3 B) 1078.7 C) 869.1 D) 1013.3 E) 1000.0 A bond is sold at if the YTM (yield to maturity) is the coupon rate. A) par; less than. B) par; higher than. C) premium; equal to. D) premium; higher than. E) discount; higher than