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2. You need a payout of $550,000 in 5 years. You find this semi-annual bond available for purchase: PV FV YTM Coupon Years to maturity

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2. You need a payout of $550,000 in 5 years. You find this semi-annual bond available for purchase: PV FV YTM Coupon Years to maturity Duration $941.34 $1000.00 8.00% 6.75% 4.9936 a) How many bonds do you need to purchase today to achieve the $550,000 payout in 5 years? (Show in dollars and bonds. Round to the nearest bond.) (2 make-up points

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