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A $2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.5% and the YTM is 6.75% p.a. compounded

A $2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.5% and the YTM is 6.75% p.a. compounded half-yearly. Interest is paid semi annually. How much is the bond worth on 10 March 2018? a. $1,898,050.68 b. $1,946,911.55 c. $2,105,287.68 d. $1,911,077.19 e. $1,799,116.64

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