4 How does the equation for valuing a bond change if semiannual payments are made? Find the value of 37 a 10-year, semiannual payment, 10% coupon bond if nominal ra = 13%. 38 39 N 40 W/YR 41 CPN % 42 FV 43 44 PRICE 45 36 46 10 13% 10% $1,000 Periods per year 2