Question: Suppose there is a Treasury note with exactly 2 years left to maturity, a 5% coupon, par of 100, and a 2% yield-to-maturity? (Recall that

Suppose there is a Treasury note with exactly 2 years left

Suppose there is a Treasury note with exactly 2 years left to maturity, a 5% coupon, par of 100, and a 2% yield-to-maturity? (Recall that Treasury notes pay semi-annual coupons.) Answer the following questions 24) What is the price of this Treasury note? a. $99.85 b. $101.85 c. $105.85 d. $107.85 e. $110.85 25) What is the annual modified duration of this T-note? a. 1.893 b. 1.911 c. 1.943 d. 2.963 e. 3.828

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