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A US Treasury bond with exactly 5-years to maturity, paying 2% coupon semi-annually, sells at a yield-to-maturity of 0.25%. What is its market price (per

A US Treasury bond with exactly 5-years to maturity, paying 2% coupon semi-annually, sells at a yield-to-maturity of 0.25%. What is its market price (per 100 par value)? (pick the best answer)

price 90

90 < price 95

95 < price 100

100 < price

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