An outstanding bond has a carrying value of $750,590, and a face value of $804,000 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 5.70%. The yield to maturity (or the market yield) of the bond was 6.95% at the time of issue. (Assume semi-annual compounding for the annual interest rates.) What will be the carrying value of the bond on July 1 of Year 3 immediately after paying the coupon?

Question 13 options:

	$678,383
	$697,227
	$716,071
	$734,915
	$753,759