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1. A 3.25 percent Treasury bond is quoted at a price of 99.04. The bond pays interest semiannually. What is the current yield? 2.You are

1. A 3.25 percent Treasury bond is quoted at a price of 99.04. The bond pays interest semiannually. What is the current yield?

2.You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 6.85 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding.

PLEASE PROVIDE CALCULATIONS AND EXPLANATIONS! i will upvote!

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