A coupon bond has a $1,000 face value and a coupon rate of 5.50%. The coupon is paid annually. The bond's yield is currently quoted at 6.50%. If the bond has 8 years left until maturity- what is its current price?
$1,063,35
$939.11
$411.75
$980.54
$334.88
$993.11
$1,036.35
$890.54