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Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury bond with three years to maturity (YTM) has a coupon rate of 6%. The yield
- Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury bond with three years to maturity (YTM) has a coupon rate of 6%. The yield to maturity of the bond is 10%. Using this information and ignoring the other costs involved, calculate the value of the Treasury bond. Please show your calculations.
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
