In: Finance
**I need to know how to do it by had without a financial calculator or excel. Unsure of what formula to use.**
If a 4-year bond with a 7% coupon and a 10% yield to maturity is currently worth $904.90, how much will it be worth 1 year from now if interest rates are constant?
A)$947.93
B) $925.39
C) $904.90
D)$1,000.00