A 5year Treasury note has a coupon rate of 2.50 percent. What price would you pay for
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A 5‐year Treasury note has a coupon rate of 2.50 percent. What price would you pay for such a security having a principal (par value) of $1 million if the current interest rate is 2.25 percent? The current interest rate is 3 percent?
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Related Book For
Financial Markets Banking And Monetary Policy
ISBN: 9781118872239
1st Edition
Authors: Thomas D. Simpson
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