Find the exact value of 
without using a calculator.
Definitions:
Par Value
The nominal value of a security stated by the issuer.
Effective Annual Yield
This refers to the real return on an investment, taking into account the effects of compounding interest over a year.
Yield To Maturity
The total return anticipated on a bond if the bond is held until its maturity date, including all payments of interest and principal.
Semi-annually
Semi-annually refers to an event or action occurring twice a year, or every six months.
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