The bond is worth $773.65 today.
To calculate the present value of the bond, we need to discount the future value of $1,000 by the interest rate of 4.4% over a period of ten years. We can use the present value formula:
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
Plugging in the values into the formula:
PV = $1,000 / (1 + 0.044)^10
PV = $1,000 / (1.044)^10
PV = $1,000 / 1.601031
PV = $624.395959
So, the bond is worth approximately $624.40 today.
However, none of the answer options provided matches this value. It seems there may be an error or omission in the available answer choices.