A 9-year Treasury note with a coupon rate of 4 percent has a yield to maturity of
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A 9-year Treasury note with a coupon rate of 4 percent has a yield to maturity of 5 percent. The par value is $1000.What is the fair price of this bond?
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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