The table on the left shows tokuji's monthly budget. he has just learned that his rent will be increasing to $310. he also has a new short-term goal of saving $100 this month. based on the above changes, how should he adjust his discretionary spending? lower it by $30. lower it by $10. raise it by $10. raise it by $30.

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: