The ask yield on a 4 percent coupon Treasury bond maturing in eight years is 4.488 percent.

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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.

Posted Date: May 19, 2024 02:16 AM

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The ask yield on a 4 percent coupon Treasury bond maturing in eight years is 4.488 percent.

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