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A recently issued 15-year $1,000 par value bond carries an annual 550 coupon. The bond is calable in five years at $1,050,54. Yesterday, the Fed's

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A recently issued 15-year $1,000 par value bond carries an annual 550 coupon. The bond is calable in five years at $1,050,54. Yesterday, the Fed's monetary action led to an increase in interest rates so that the required rate of return on this bond is now 6%. What is the current value of the bond we are certain that this bond will be called? 5485.61 08902.88 $940.31 5995.64

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