$9.$ Valuing semiannual coupon bondsAssume that a $$3,000,000$ par value, semiannual coupon U$.$S$.$ Treasury note with four years to maturity has a coupon rate of $5\%.$ The yield to maturity of the bond is $10\mathrm{.}00\%.$ 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.