The following table records current prices for zero-coupon bonds of various maturities (all securities have a face value of $1000):

Price ($)

Bond Maturity (Years) A 1 970.87

B 2 933.51

C 3 889.00

Use the prices to value a bond with a coupon rate of 7% per year, $100,000 face value, and three years remaining to maturity (annual coupon payments). The next coupon payment is one year away (i.e., at time 1).