NINE TEN ELEVEN TWELVE.

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:

Rich is researching for an economics paper on the history of exchange rates between the us and great britain. the best choice for rich to use is

Enjoli enjoys science and foreign language classes. she loves working with people and volunteers in the local shelter and library on a regular basis, but she is not fond of flying. which career is she most likely to enjoy?