7. Three years ago, to diversify its income, Trust National Bank (TNB) purchased a \$1million (face value) portfolio of 14-year 6.40% semi-annual Corporate Bonds. Today the prevailing market rate is 5.00%.
A) What are the three (3) ways that all Assets can be valued? (6)
1) _____
2) _____
3) _____
B) Provide the three Values of the above TOTAL Bond Portfolio: (6)
a) _____
b) _____
c) _____