Peggy owns a $10,000 par value bond bearing a 5% coupon rate with interest payable on a semi-annual basis. The bond has six years remaining to maturity. The current market rate of interest is 3.55% and Peggy would like to sell the bond. The current market price for this bond is: 1) $10,500 2) $8,988 3) 5.00 4) $10,777