Problem:
A $1,000 6 1/4% bond is due on August 13, 2018. Interest is payable on February 13 and August 13. This bond may be called at 104 on August 13, 2014.
Required:
Question: Find the value of the bond on February 13, 2010, assuming it will be called, and the market rate is 6%
Note: Please show how to work it out.