Question: Face value: $500,000,000
Coupon: 3% p.a. payable quarterly
Repayment: 16 quarterly payments commencing 31 March 2016
Final maturity: 31 December 2019
Yield: The yield required by investors for a 2-year average life bond rated BB by Standard & Poors and Ba2 by Moody's is 2.75%
What is the "dirty" value of Bond C on 31 December 2015?