A US Treasury bond has a coupon rate of 4.50%, semi-annual coupon payments, face value of...
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A US Treasury bond has a coupon rate of 4.50%, semi-annual coupon payments, face value of $1,000, and 30 years to maturity. If the current market yield on similar bonds is 5.85%, what is the price of this bond? A US Treasury bond has a coupon rate of 4.50%, semi-annual coupon payments, face value of $1,000, and 30 years to maturity. If the current market yield on similar bonds is 5.85%, what is the price of this bond?
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