A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 6.0% per year, semiannually. The bond is callable in five years at 105% of its par value. If the bonds yield to maturity is 5.7% per year, what is its value?

Question 13 options:

1)

$1,015.98

2)

$1,012.45

3)

$1,101.34

4)

$1,022.63

5)

$1,027.50