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A $2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.75% and the YTM is 3.75% p.a compounded
A $2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.75% and the YTM is 3.75% p.a compounded half-yearly. Interest is paid semi annually. How much is the bond worth on 10 March 2018?
Group of answer choices
$1,911,077.19
$2,047,306.08
$1,953,374.07
$2,024,202.18
$1,935,520.41
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