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BOB just sold $4 million face value of 4.75% US Treasury Notes that mature on May 15, 2030, and has a yield to maturity of
BOB just sold $4 million face value of 4.75% US Treasury Notes that mature on May 15, 2030, and has a yield to maturity of 5%. SHOW YOUR WORK STEP BY STEP FOR CREDIT!
a. What is the flat price of the bond today (4/1/2020)?
b. What is the invoice price of the bond?
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