Question: 1 . A 1 0 - year US Treasury bond with a face value of $ 1 0 , 0 0 0 pays a coupon

1. A 10-year US Treasury bond with a face value of $10,000 pays a coupon of 5%(2.5% of face value every six months). The annually interest rate is 4%(a six-month discount rate of 4/2=2). What is the present value of the bond?

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