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Aggie Inc. ' s bonds have a 1 5 - year maturity, a 7 % semi - annual coupon, and a par value of $

Aggie Inc.'s bonds have a 15-year maturity, a 7% semi-annual coupon, and a par value of $1,000. The current interest rate on debt (rd is 6%, based on semiannual compounding. What is the bond's value (current price)?
$1,051.34
$1,024.67
$1,105.78
$1,008.65
$1,098.00
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