Question: Long Problem #1 A $10,000 US treasury bond was issued several years ago. The bond has a coupon rate of 9% and pays interest semi-annually.

Long Problem #1 A $10,000 US treasury bond was issued several years ago. The bond has a coupon rate of 9% and pays interest semi-annually. The bond will mature in 2 years. The current 2 year U.S. treasury interest rate is 1%. If an investor wants to buy this bond, how much will the investor have to pay (what is the market value of this bond today)

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