Question: A 4 - year note with annual coupon payments has a face value of $ 1 , 0 0 0 , duration of 3 .
A year note with annual coupon payments has a face value of $ duration of and yield to maturity of The average monthly change in the yield is basis points and the standard deviation of such changes is basis points. The value at risk VAR at the confidence level is estimated to be $ The appropriate critical value is What is the note's price, to the nearest $
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