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Assume the federal government decides in jan 1, 2024, theyll issue a 5 year Year bond, that will pay the bondholder a cash flow payment
Assume the federal government decides in jan 1, 2024, theyll issue a 5 year Year bond, that will pay the bondholder a cash flow payment equal to whatever year it is on Jan 1 for the next 5 years. Treasuries are trading at 5%. What would the market price of this security be rounded to the nearest dollar
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