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A 10-year, $1,000 par T-note with a coupon rate of 2.6% (semi-annual payments) has 8 years left to maturity and a current yield of 1.92%.
A 10-year, $1,000 par T-note with a coupon rate of 2.6% (semi-annual payments) has 8 years left to maturity and a current yield of 1.92%. What is the T-note's value?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
