7. Ch. 6 Valuing semiannual coupon bonds Assume that a $4,000,000 par value, semiannual coupon U.S. Treasury note with four years to maturity has a coupon rate of 3%. The yield to maturity of the bond is 9.40%. Using this information and ignoring the other costs involved, the value of the Treasury note is Based on your calculations and understanding of semiannual coupon bonds, complete the following statements: The T-note described is currently selling at a Assuming that interest rates remain constant over the life of the note, its price should be expected to as the T-note approaches maturity. When valuing a semiannual coupon bond, the time period (N) in the present value formula is assumed to have a value of periods. Grade It Now Save & Continue Continue without saving