Assume that a 20-year bond with a face value of $1,000 has a 6% coupon rate and is compounded semi-annually. The bond is callable after 10 years at 105% par value and the market rate in todays market is 9%. What is the value of the bond? (rounded to the nearest number) e) $864 b) $892 a) $724 c) $1,000 d) $902 q 35