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If interest rate is per year , price of bond? 1. A ten-year U.S. Treasury bond with a face value of $10,000 has a coupon

If interest rate is per year , price of bond?image text in transcribed

1. A ten-year U.S. Treasury bond with a face value of $10,000 has a coupon rate of 5%; coupon payments are made semi-annually. If the interest rate (i.e., bond yield) is 3.4% per year, what is the price of the bond

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