An outstanding bond has a carrying value of $690,790, and a face value of $643,000 on January 1 of Year 3.The bond pays a semi-annual coupon every January 1 and July 1 using an annual coupon rate of 6.30%.The yield to maturity (or the market yield) of the bond was 5.49% at the time of issue.(Assume semi-annual compounding for the annual interest rates.)What will be the carrying value of the bond on January 1 of Year 4 immediately after paying the coupon?

Question 3 options:

$688,170

$705,374

$722,578

$739,783

$756,987