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54. A Treasury note With a maturity of 2 years pays interest semi-annually on a 9 percent annual coupon rate. The $1,000 face value is

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54. A Treasury note With a maturity of 2 years pays interest semi-annually on a 9 percent annual coupon rate. The $1,000 face value is returned at maturity. If the effective annual yield for all maturities is 7 percent annually, What is the current price of the Treasury note? A. $960.68 B. $986.69 C. $1,010.35 D. $1,034.40 E. $1,038.99

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