Fan buys a 3-year Treasury note. The note has a $1,000 face value and makes a $60 coupon payment each year. Can you calculate the present value for this Treasury note if the interest rate is 6%? . 

Fan buys a 3-year Treasury note. The note has a $1,000 face value and 6% coupon rate each year. Can you calculate the present value for this Treasury note if the interest rate is 4%? .

Answer rating: 100% (QA)

To calculate the present value of a Treasury note we can use the formula for the present value of a ... View the full answer