4. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year For the valuation of bonds that make semianrual payments, the humber of perieds deubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the vaiuation model is adjusted accordingly. Assume that a $1,000,000 par vilue, semiannual coupon Us Treasury note with two years to maturity has a ceupen rate of 3 \%. The yield to maturity (VTM) of the bond is E.sow. Using this information and ignoring the ether cests involved, calculate the value of the Treasury note: $761,360,19 1564,302.26 51,074,861,44 $895,717,47 Based on your calculations and understanding of semiamubl coupon bonds, complete the following statementi When valuing a semlannual coupon bond, the time period variable(N) used to calculate the price of a bond refiects the number of periods remaining in the bonds life