Question: Assume that a $ 3 , 0 0 0 , 0 0 0 par value, semiannual coupon U . S . Treasury note with five

Assume that a $3,000,000 par value, semiannual coupon U.S. Treasury note with five years to maturity has a coupon rate of 3%. The yield to maturity of the bond is 8.00%. Using this information and ignoring the other costs involved, the value of the Treasury note is

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