Question: Cherry Inc. issues a 4-vear default free bond which has a face value of $1 000 and pays a yearly coupon rate of 3,00%. Given
Cherry Inc. issues a 4-vear default free bond which has a face value of $1 000 and pays a yearly coupon rate of 3,00%. Given the YTM of zero-coupon bonds as below, calculate the price of the price of this bond?

\begin{tabular}{|l|l|l|l|l|l|} \hline Maturity (Years) & 1 & 2 & 3 & 4 & 5 \\ \hline YTM & 3,20% & 3,75% & 4,65% & 5,25% & 5,65% \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|} \hline Maturity (Years) & 1 & 2 & 3 & 4 & 5 \\ \hline YTM & 3,20% & 3,75% & 4,65% & 5,25% & 5,65% \\ \hline \end{tabular}
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