Question: Please provide complete work. The ask yield on a 4 percent coupon Treasury bond maturing in eight years is 4.488 percent. If the face value

Please provide complete work.

The ask yield on a 4 percent coupon Treasury bond maturing in eight years is 4.488 percent. If the face value is $1,000, what should be the QUOTED price the bond today (use semiannual compounding)? Please show your work

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