You hear from a friend that you should invest in bonds, and that Pepsi Co should be a solid (safe) investment because everyone drinks Pepsi. After looking up the information, you find the following. Calculate the current price you Pepsi Co bonds would cost today. Assume that the bond is based off of the highlighted portions as seen to the right, and that the YTM is 3.27%

Issue Date: 2/24/2016

Coupon rate: 2.850%

Maturity Date: 2/24/2026

Number of payments per yr: 2

insert the following information:

PV

I/Y

N

PMT

FV