Question: A 1 3 - year U . S . Treasury bond with a face value of $ 1 , 0 0 0 pays a coupon

A 13-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.25%(2.625% of face value every six months). The reported yield to maturity is 5.0%(a six-month discount rate of 5.02=2.5%).

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