Suppose you bought a Terrapin Aluminum Company bond two years ago. At the time, the semiannual bond had 10-years to maturity, $1000 par value, with a coupon rate of 3%. Two years ago when you bought the bond, the market interest rates were 1.5%. You still own the bond today but interest rates have increased to 4%. When you purchased the bond two years ago, what was its price, and what is the new price of the bond today? The price at purchase was $1000.00; the current price of the bond is $932.11. . The price at purchase was $1257.53; the current price of the bond is $883.48. The price at purchase was $1138.81; the current price of the bond is $1000. The price at purchase was $1138.81; the current price of the bond is $932.11. The price at purchase was $1257.53; the current price of the bond is $1211.97