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Assume that a $4,000,000 par value, semiannual coupon U.S. Treasury note with five years to maturity has a coupon rate of 6%. The yield to

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Assume that a $4,000,000 par value, semiannual coupon U.S. Treasury note with five years to maturity has a coupon rate of 6%. The yield to maturity of the bond is 8.80%. Using this information and ignoring the other costs involved, the value of the Treasury note is $2,239,461.64 Based on your calculations and understanding of semiannual coupon bonds, complete the following statements: $3,021,495.86 The T-note described is currently selling at a Assuming that interest rates remain constant over the $3,554,701.01 ts price should be expected to as the T-note approaches maturity. When valuing a semiannual coupon bond, the tim e present value $4,265,641.21 formula is assumed to have a value of periods

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