What is the fair market value of a bond with the following features: $(1)$ par value of $$1000,(2)$ coupon payment of $$40,$ and $(3)10-$year maturity? Assume that current interest rates are $3\%.$

$$1085\mathrm{.}30.$

$$1110\mathrm{.}00.$

$$1000\mathrm{.}00.$

$$918\mathrm{.}89.$