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Assume that thesix-month Treasury spot rate is 1.5 % 1.5% APR, and theone-year rate is 2.1 % 2.1% APR, both compounded semiannually. What is the

Assume that thesix-month Treasury spot rate is 1.5 %

1.5% APR, and theone-year rate is 2.1 %

2.1% APR, both compounded semiannually. What is the price of aone-year $ 1 comma 000

$1,000 par Treasury bond with 2.1 %

2.1% coupons?

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