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A 5 Treasury note has coupon rate of 2.50 percent. What price would you pay for such a secret having a principal (par value) of
A 5 Treasury note has coupon rate of 2.50 percent. What price would you pay for such a secret having a principal (par value) of $1 mil if the current interest rate is 2.24 percent? The current interest rate is 3 percent?
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