Question
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 6%.The yield to
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 6%.The yield to maturity of the bond is 11.00%.Using this information and ignoring the other costs involved, calculate the value of the Treasury note.Please enter your answer to the nearest dollar.
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
