Question: Question I am stuck on! Please show work if possible Bond Valuation 02 U.S. Treasury department has a 5 year maturity with a face value

Question I am stuck on! Please show work if possible

Bond Valuation 02

U.S. Treasury department has a 5 year maturity with a face value of $1000 and annual coupon rate is 2.4%. The yield to maturity is 2.4%. The coupon is paid semi-annually. What is the value of this bond? (Hint: since the cash flows are semi-annual, you need to adjust every input accordingly when you use time value of money formulas.)

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