Five Years Ago, the City of Baltimore Sold at Par

Five years ago, the City of Baltimore sold at par a $1,000 bond with a coupon rate of 8 percent and 20 years to maturity.If this bond pays interest semiannually, what is the value of this bond to an investor who requires an 8 percent rate of return?

A) $607.72
B) $692.00
C) $1,000
D) $1,080