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You would like to buy a 1 4 - year, $ 1 , 0 0 0 par value bond. The annual coupon rate on this

You would like to buy a 14-year, $1,000 par value bond. The annual coupon rate on this bond is 11 percent. If the current yield to maturity of the bond is a 9 percent, what is th value of this bond? After one year from the purchase, what is the value of the bond? $1.158.30; $1.152.35 $1,157.43; $1,151.47 $1,155.72: $1,149.74 $1.149.74: $1.155.72

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