Six years ago, Carl purchased an 8% coupon bond that had 10 years to maturity for $1,150. Since the bond purchase, the required return on the bond has remained constant. If Carl sells the bond now, the price he receives for the bond will be:

		$1,150.
		Between $1,000 and $1,150.
		higher than $1,150.
		less than $1,000.