The Harvard Company has one bond outstanding. The bond has a $10,000 face value and matures in 20 years. The bond's semi - annual interest payments are shown below:

Years Semi - Annual Interest Payments

First 6 years 0

Next 8 years $220

Last 6 years $280

The annual yield to maturity is 5.6%. What is the price of the bond today?

a) Between $5,000 - $5,800

b) Between $5,800 - $6,600

c) Between $6,600 - $7,400

d) Between $7,400 - $8,200

e) Between $8,200 - $9,000

Greater than $9,000