Question
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (TM) has a copuon rate of 5%. The yield
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (TM) has a copuon rate of 5%. The yield of the bond is 7.70%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note:
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
