I am finding it little tricky to get the par value of the bond. For instance the problem states this way - suppose an investor has $94.17 and places that fund in a CD that matures in 8 Years. What is the coupon interest?
Answer is $4 on a semi-annual basis. Here again it does not say that the coupon interest is payable on a semi-annual basis. I know that we are expected to know that US treasury securities are paid on a semi-annual basis. What other securities are payable on same term?