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Assume you have purchased a $1,000 Face Value 10-year Treasury Note (T-note) with 10-years remaining until the maturity date. This T-Note has a 4.65% Yield

Assume you have purchased a $1,000 Face Value 10-year Treasury Note (T-note) with 10-years remaining until the maturity date. This T-Note has a 4.65% Yield until Maturity (YTM), a 4.50% annual coupon rate (paid semi-annually). Will this T-note trade at a premium or discount to it's Face Value? What is the current market price of this T-note in $'s? Show how you calculated the price!

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