Question: A 4-year maturity treasury note has a yield to maturity of 4%. Its par value is $1,000, it makes semi-annual payments (twice per year), and

A 4-year maturity treasury note has a yield to maturity of 4%. Its par value is $1,000, it makes semi-annual payments (twice per year), and its coupon rate is 3%. What is this bonds current price? The first coupon arrives in 6 months.

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