Question $6$

$2$ Points

One year ago a $$1,000$ face value $6\%$ coupon bond was selling for $$918\mathrm{.}93.$ Since then, the market return decreased by two percentage points. The bond pays interest semiannually and now has four years to maturity. The bond's price today is:

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

$$1,053\mathrm{.}27.$

$$932\mathrm{.}67.$

$($D$)$ $$1,035,46.$