Question: Compute the value of a bond with a typical $1000 par value, a coupon rate of 2.25% with semi-annual 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 semi-annual payments, and a 10-year maturity if investors required a yield to maturity of 0.09%U on the bond (or 9U basis points, where 1 basis point=0.01%).
Please show work without the use of excel or financial calculator!
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