Question $4$

A $$2,000,000$ bond was issued on September $102015$ with a $6$ year

maturity. Coupon rate is $4\mathrm{.}75\%$ and the present YTM is $6\mathrm{.}8\%$ p$.$a$.$

compounded half$-$yearly. Interest is paid semi annually. How much is the

bond worth on $10$ March $2018?$

$$1,933,414\mathrm{.}72$

$$1,732,325\mathrm{.}71$

$$1,879,511\mathrm{.}40$

$$2,130,784\mathrm{.}02$

$$1,874,182\mathrm{.}72$