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A Treasury Bond futures contract has a settlement priced of 89'08. What is the implied annual yield? (Hint: You can use a financial calculator.) Assume

A Treasury Bond futures contract has a settlement priced of 89'08. What is the implied annual yield? (Hint: You can use a financial calculator.) Assume this is a a 20 year bond with semi-annual interest payments. The face value of the bond is $1000, and the semi-annual coupon payments are $30, which means the annual coupon rate is 6%. The futures contract has 100 bonds

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