An outstanding bond has a carrying value of $874,290, and a face value of $934,000 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 7.70%. The yield to maturity (or the market yield) of the bond was 9.35% 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? O a. $906,457 O b. $818,022 O c. $884,348 O d. $840,130 O e. $862,239