A government bond with a face value of $1,000 was issued eight years ago and there are twelve years remaining until maturity. The bond pays semi-annual coupon payments of $45, the coupon rate is 9% pa paid twice yearly and rates in the marketplace are 8% pa compounded semi-annually. What is the value of the bond today?

a.) $1,076.23

b.) $736.24

c.) $1,000.00

d.) $1,033.66

e.) $1,058.26