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9. You have purchased a $1,000 Face Value 20-year U.S. Treasury Note (T-Note). The T-Note purchased has a 2% coupon rate (compounded semi-annually) and the
9. You have purchased a $1,000 Face Value 20-year U.S. Treasury Note (T-Note). The T-Note purchased has a 2% coupon rate (compounded semi-annually) and the current market Yield to Maturity (YTM) is 0%. What is the market price of this 20-year T-note? Calculate the price without using a bond calculator and explain how you arrived at the price
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