Use the following information for this question, use annual compounding and ignore liquidity premiums coupon impacts and interest rate risk

Yield Curve for Zero Coupon Treasury Bonds

Maturity	YTM	Maturity	YTM	Maturity	YTM
1 year	1.25%	7 year	2.20%	13 year	2.94%
2 year	1.40%	8 year	2.30%	14 year	3.03%
3 year	1.68%	9 year	2.55%	15 year	3.12%
4 year	1.80%	10 year	2.65%	16 year	3.21%
5 year	1.95%	11 year	2.75%	17 year	3.30%
6 year	2.10%	12 year	2.85%	18 year	3.39%

You just bought a 13 year maturity annual payment Treasury bond that has a price equal to its par value of $1,000. You expect to sell the bond in 8 years. First, use the term structure data to find the appropriate interest rate at the time of sale and then find the expected sale price of the bond (to the nearest penny) in 8 years. Watch out for rounding errors.

a.

$954.01

b.

$948.57

c.

$1,000.00

d.

$1,014.82

e.

$971.17