Question: Compute the value of a bond with a typical $1000 par value, a coupon rate of 2.25% with semiannual payments, and a 10-year maturity if
Compute the value of a bond with a typical $1000 par value, a coupon rate of 2.25% with semiannual payments, and a 10-year maturity if investors required a yield to maturity of 1.08% on the bond (or 108 basis points, where 1 basis point=0.01%).
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