Question: (calculation problem). A $1,000 face value bond currently has a yield to maturity of 6.69 percent. The bond matures in three years and pays interest

(calculation problem). A $1,000 face value bond currently has a yield to maturity of 6.69 percent. The bond matures in three years and pays interest annually. The coupon rate is 7 percent. What is the current price of this bond? NOTE: you must draw the time line to get credit.

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