Assume we have a bond trading on a market which is defined by the following parameters: Face Value = $20 000,Coupon Rate = 16% p. a. Interest Dates are 1 June and 1 December of each year andYTM =...

Assume we have a bond trading on a market which is defined by the following parameters:

Face Value = $20 000,Coupon Rate = 16% p. a.

Interest Dates are 1 June and 1 December of each year andYTM = 18.60%p. a. Maturity date = 1 June, 2034 and the

Settlement Date (Date of Purchase) = 1 June, 2016.

Calculate the market value of the bond, assuming that coupons are paid semi-annually to coincide with interest dates.