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A 3-year US Treasury note with a face value of $100 pays a coupon of 4% (2% of face value every six months). The reported

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A 3-year US Treasury note with a face value of $100 pays a coupon of 4% (2% of face value every six months). The reported yield to maturity is 6% (a six-month discount rate of 6/2 - 3%). a. This bond is a... (Click to select premium bond b. What is the price discount bond round Intermediate calculations. Enter your answer without a $sign, rounded to 2 decimal places.) par bond c. One year after you purchased the bond, the yield to maturity decreases to 4% (a six-month discount rate of 4/2-2%), what will be the price of the bond one year later? (hint: now the bond has 2 year to maturity and 4 more semiannual coupon payments) (Do not round intermediate calculations. Enter your answer without a $sign, rounded to 2 decimal places.) b. Bond Price c. Price = 1

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