The Cato Company's bonds have a mature of $10$ years, a par value of $$1,000,$ and an annual coupon payment of $$70.$ If the market interest rate for the bonds is $7\%,$ what is the price of these bonds?

$$1000\mathrm{.}00$

$$930\mathrm{.}00$

$$700\mathrm{.}00$

$$990\mathrm{.}00$