A Semi-Annual Coupon Bond Has a 6

A semi-annual coupon bond has a 6.5 percent coupon rate,a $1,000 face value,a current value of $1,054.54,and 4 years until the first call date.What is the call price if the yield to call is 6.7 percent?

A) $1,000
B) $1,020
C) $1,040
D) $1,060
E) $1,080