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Calculate the price of a 1-year Treasury bond with an annual coupon of 1.5% paid semi-annually. Assume the effective annual discount rate is 1% and

Calculate the price of a 1-year Treasury bond with an annual coupon of 1.5% paid semi-annually. Assume the effective annual discount rate is 1% and the face value is $100.

Hint: 6mo interest rate = 1yr stated interest rate/2

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