Christmas anytime issues $710,000 of 5% bonds, due in 10 years, with interest payable semiannually on june 30 and december 31 each year. calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: