Question: Please answer using excel. 5 years ago, you purchased a corporate bond for $942. At the time, the bond had a YTM of 9% and

Please answer using excel.

Please answer using excel. 5 years ago, you purchased a corporate bond

5 years ago, you purchased a corporate bond for $942. At the time, the bond had a YTM of 9% and 9 years left to maturity. Today, the YTM on your bond is 6%. What is the current market price of your bond? Assume fixed annual coupon payments and a par value of $1,000. (Round your answer to the nearest whole dollar)

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