A company have 1 bond outstanding that has a par value or maturity value of $1,000. The yield to maturity (market rate) on this bond is currently 10 percent, has a coupon rate of 6% annually and interest is paid semi-annually. The bond matures in 5 years. What is the present value of the bond? None of these selections are correct

$ 1,322.46

$ 845.57

$ 1,000.00

$ 768.35