Cherry Inc. issues a $4-$year default free bond which has a face value of $$1,000$ and

pays a yearly coupon rate of $2\mathrm{.}00\%.$ Given the YTM of zero$-$coupon bonds as below,

calculate the price of the price of this bond?

Maturity $($years$)$

YTM

$11\mathrm{.}40\%$

$24\mathrm{.}15\%$

$34\mathrm{.}75\%$

$45\mathrm{.}15\%$

$55\mathrm{.}85\%$

Instructions: Round the result to two decimal places and do not put the $"$$$"$ symbol in

he answer box.

your Answer: