Which one of the following statements about bonds is NOT true? The required rate of return, or discount rate, for a bond is the market interest rate called the bond's yield to maturity. The value, or price, of any asset is the future value of its cash flows. O The expected future cash flows are estimated using the coupons that the bond will pay and the maturity value to be received. To compute a bond's price, one needs to calculate the present value of the bond's expected cash flows. Shrek Inc. recently issued bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. The current market interest rate is 7.0%. What price should the bonds sell? 825.40 881.60 1051.32 O 945.68