Allen works as an autoworker in a production unit and is a member of an industrial union. When the workload increases and he loses his work-life balance, he simply leaves the organization to work in another that has fewer demands. As a member of a union, Allen follows the mechanism.

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: