Question $5$

$1$ pts

A $$1,000$ face value bond will mature $7$ years from today. It has a yield to maturity of $10$ percent and an annual coupon rate of $8$ percent. What is the bond's current market price?

$$1,080\mathrm{.}00$

$$1,000\mathrm{.}00$

$$756\mathrm{.}98$

$$902\mathrm{.}63$

$$389\mathrm{.}47$