Problem $6-16$ Bond Returns $($LO$2,3)$

A bond has $10$ years until maturity, a coupon rate of $9\%,$ and sells for $$1,100.$ Interest is paid annually. $($Assume a face value of $$1,000.)$

a$.$ If the bond has a yield to maturity of $9\%1$ year from now, what will its price be at that time?

Note: Do not round intermediate calculations.

Answer is complete and correct.

$\backslash$table$[[$Price$,$$$,1,000$