Company X has a bond outstanding with four years to maturity…

Cоmpаny X hаs а bоnd оutstanding with four years to maturity and an annual coupon rate of 5%.  If the yield to maturity (market rate of interest) is 3%, what is the price of the bond?  The face value of the bond is $1,000.  [Note: Do not type your answer in Canvas] [8 points]