A Semi-Annual Coupon Bond Has an 8 Percent Coupon Rate

A semi-annual coupon bond has an 8 percent coupon rate, a $1,000 face value, a current value of $1,058.11, and 8 years until the first call date. What is the call price if the yield-to-call is 7.4%?

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