Question: A $1,000 face value bond currently has a yield to maturity of 9.06%. The bond matures in three years and pays interest annually. The coupon

A $1,000 face value bond currently has a yield to maturity of 9.06%. The bond matures in three years and pays interest annually. The coupon rate is 7.00%. What is the current price of this bond?

Group of answer choices

$947.91

$949.60

$1,005.26

$1,008.18

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