Abondfundispricingitsinvestmentportfolio,includingits$2,000,000portfolioofTreasurybonds.Thebondspayacouponof10percentperannumpayablehalf-yearly.Thebondshaveexactlyfiveyearstomaturity.Yieldsonsimilarbondsarecurrentlyyielding12percentperannuminthemarket.Whatisthevalueofthefundmanager’sTreasurybondportfolio?Selectone:
