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30-ye Treasury of $1,000 face value that pays 5.5% coupons yearly and has 7.5 years left to maturity. The Yield to Maturity (YTM) of
30-ye Treasury of $1,000 face value that pays 5.5% coupons yearly and has 7.5 years left to maturity. The Yield to Maturity (YTM) of this bond is 5.2% per annum. What is its price? Remember, by convention coupons are assumed to be paid twice a year unless otherwise specified.
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
