Question: **I need to know how to do it by had without a financial calculator or excel. Unsure of what formula to use.** If a 4-year

**I need to know how to do it by had without a financial calculator or excel. Unsure of what formula to use.**

If a 4-year bond with a 7% coupon and a 10% yield to maturity is currently worth $904.90, how much will it be worth 1 year from now if interest rates are constant?

A)$947.93

B) $925.39

C) $904.90

D)$1,000.00

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