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A $1000 Face Value Treasury bond with 18 months left to maturity has annual coupons of 32 paid semi-annually. The Term Structure of Interest shows
A $1000 Face Value Treasury bond with 18 months left to maturity has annual coupons of 32 paid semi-annually. The Term Structure of Interest shows that the 6 month YTM is 3.2%, the 12 month YTM is 3.45% and the 18 month YTM is 3.68%. What is the price of the bond
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