7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the valuation model is adjusted accordingly. Assume that a $1,000,000 par value, semlannual coupon uS Treasury note with five years to maturity has a coupon rate of 6\%. The yleld to maturity (rTM) of the bond is 9.90%. Using this information and lgnoring the other costs involved, calculate the value of the Treasury note: $849,059,88$1,018,871.86$34,907,72$721,700,90 Bosed on your calculations and understanding of semlannual coupon bonds, complete the following statement: The T-notr described in this problem is selling at a