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Your company has bonds that mature in 1 2 years and have a face value of $ 1 , 0 0 0 . The bonds

Your company has bonds that mature in 12 years and have a face value of $1,000. The bonds have an 8 percent semi-annual coupon (pays $40 every six months). The bonds may be called in five years. The bonds have a YTM of 7 percent and a yield-to-call of 7.71 percent. Determine the bonds' call price.
$1,100
$1,140
$1,080
$1,120
$1,160
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