Question: A Company has a bond outstanding with a face value of $1000 that reaches maturity in 3 years. The bond certificate indicates that the stated

A Company has a bond outstanding with a face value of $1000 that reaches maturity in 3 years. The bond certificate indicates that the stated coupon rate for this bond is 2.7% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 1.5%, then the price that this bond trades for will be closest to ________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

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