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A government bond with a face value of $500,000 was issued eight years ago and there are twelve years remaining until maturity. The bond pays
A government bond with a face value of $500,000 was issued eight years ago and there are twelve years remaining until maturity. The bond pays semi-annual coupon payments of $22,500, the coupon rate is 9% p.a. paid twice yearly and rates in the marketplace are 9.6% pa compounded semi-annually. What is the value of the bond today? Group of answer choices $490,226.31 $483,509.43 $500,000.00 $478,893.30 $322,793.33
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