What is the price of a bond with a coupon rate of
4%
, payable annually, a face value of
$1000,9
years to maturity, and a yield to maturity of
3.7%
? Enter your response below. Enter your answer to 2 DECIMAL PLACES.

Question

What is the price of a bond with a coupon rate of

4%

, payable annually, a face value of

$1000,9

years to maturity, and a yield to maturity of

3.7%

? Enter your response below. Enter your answer to 2 DECIMAL PLACES.

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