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A US Treasury bond has a coupon of 5% and will expire in 9 months. 4 a. What is the cash price of the Treasury

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A US Treasury bond has a coupon of 5% and will expire in 9 months. 4 a. What is the cash price of the Treasury bond? b. If today is March 5 and the last coupon payment was November 27, what is the quoted price of the Treasury bond? Assume 28 days in February. Maturity (months) Spot Zero Rates Spot Rates % per annum (based upon continuous compounding) 102 12 22 3 44 52 6 72 82 8 72 62 52 42 3 2 94

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