An investor purchases a 4-year, $1,000 par value bond that pays semiannual interest of $45. If the semiannual market rate of interest is 5%, what is the current market value of the bond? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

rev: 07_10_2020_QC_CS-219419

Multiple Choice

• $1,000.

• $968.

• $1,014.

• $1,291.