Question: A 2-year treasury note (= bond) with $3 semiannual coupons was issued on April 20, 2019. Coupon dates are April 20 and October 20.

 

A 2-year treasury note (= bond) with $3 semiannual coupons was issued

A 2-year treasury note (= bond) with $3 semiannual coupons was issued on April 20, 2019. Coupon dates are April 20 and October 20. The yield rate is 10% compounded semiannually (F=C=$100). Determine the price on June 5, 2020. Round the answer to the nearest tenth dollar.

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