Question
12. Assume you have purchased a $10,000 Face Value 10-year Treasury Note (T-note) with 10-years remaining until the maturity date. This T-note has a 3.50%
12. Assume you have purchased a $10,000 Face Value 10-year Treasury Note (T-note) with 10-years remaining until the maturity date. This T-note has a 3.50% Yield until Maturity (YTM), a 4.00% annual coupon rate (paid semi-annually). What is the current USD market price of this T-note (in $'s)?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
