Computation of Price of Bond using PV Function in Excel:

=-pv(rate,nper,pmt,fv)

Here,

PV = Price of Bond = ?

Rate = Yield to Maturity = 3.5%

Nper = Number of Years to Maturity = 1 (assumed as number of years is not given)

PMT = Annual Coupon Payment = $35

FV = Face Value = $1,000

Substituting the values in formula:

=-pv(3.5%,1,35,1000)

PV or Price of Bond = $1,000

As we can see that price of bond is equal to face value. So, bond is trading at par.