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U.S. Treasury has just issued securities with, $10,000 par value and a 4% coupon rate with semiannual coupons . The maturity of the bonds is

  1. U.S. Treasury has just issued securities with, $10,000 par value and a 4% coupon rate with semiannual coupons. The maturity of the bonds is 10 years. The first coupon payment will be paid six months from today. What cash flows will you receive if you hold this bond until maturity? What is the price, i.e. present value of the bond today if the yield is 6%?

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