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7. Three years ago, to diversify its income, Trust National Bank (TNB) purchased a $1million (face value) portfolio of 14-year 6.40% semi-annual Corporate Bonds. Today

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7. Three years ago, to diversify its income, Trust National Bank (TNB) purchased a \$1million (face value) portfolio of 14-year 6.40% semi-annual Corporate Bonds. Today the prevailing market rate is 5.00%. A) What are the three (3) ways that all Assets can be valued? (6) 1) 5) 3) B) Provide the three Values of the above TOTAL Bond Portfolio: (6) a) b) c)

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