Question: A 1 0 - year, $ 1 0 0 0 face value bond makes annual payments and has a coupon rate of 7 . 9

A 10-year, $1000 face value bond makes annual payments and has a coupon rate of 7.9 percent. If the current yield on the bond is 7.9 percent, what is the bonds price? Correct response: 1,000\pm 0.01 Suppose that a year from now the bond sells at a yield to maturity of 7.2 percent. What is the price of the bond? Enter your answer rounded to two decimal places.

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