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10. You have purchased a $1,000,000 million Face or Par Value 15-year T-note. This 10-year T-note pays a 3.5% coupon (paid semi-annually) and has a
10. You have purchased a $1,000,000 million Face or Par Value 15-year T-note. This 10-year T-note pays a 3.5% coupon (paid semi-annually) and has a current market price equal to 95.50% of Face or Par value ($955,000). What is the current Yield to Maturity (YTM) of this 10-year T-note? 0
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