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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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