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Assume that a $2,000,000 par value, semiannual coupon U.S. Treasury note with four years to maturity (YTM) has a coupon rate of 4%. The yield

Assume that a $2,000,000 par value, semiannual coupon U.S. Treasury note with four years to maturity (YTM) has a coupon rate of 4%. The yield to maturity of the bond is 7.20%. Using this information and ignoring the other costs involved, the value of the Treasury note is .

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