USE THE FOLLOWING INFORMATION FOR THIS QUIZLET: Total par value = $1,000,000 Stated interest rate = 2% Effective / market rate = 4% Issued on 1/1/X2 Due date 12/31/X6 Years to maturity = 5 years Semi-annual interest Interest accrues from January 1 through June 30 and is paid on July 1 AND Interest accrues from July 1 through December 31 and is paid on January 1 Assume the bond is called on 7/1/X6 Called at 101% Un-amortized bond discount at call date = $9,804 Calculate the VALUE (not par value) of the bond at acquisition date