Question: Use the bond term's below to answer the question Maturity 5 years Coupon Rate 3% Face value $1,000 Annual Coupons YTM 2% Assuming the YTM

Use the bond term's below to answer the question

Maturity 5 years

Coupon Rate 3%

Face value $1,000

Annual Coupons

YTM 2%

Assuming the YTM remains constant throughout the bond's life, what is the bond's price in year 3?

$1,068.08

$999.43

$1,019.42

$1,047.13

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