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In December 2020, Treasury 4 1/4s of 2040 offered a semiannually compounded yield to maturity of 1.32%. Recognizing that coupons are paid semiannually, calculate the
In December 2020, Treasury 4 1/4s of 2040 offered a semiannually compounded yield to maturity of 1.32%. Recognizing that coupons are paid semiannually, calculate the bond's price. Enter your values with two decimal places, unless mentioned otherwise.
a. What is the semiannual discount rate? %
b. What is the number of periods (payments)? Enter an integer number
c. What is the present value (PV)? $
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