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In February 2015 Treasury 4 3/4s of 2041 offered a semiannually compounded yield to maturity of 2.70%. Recognizing that coupons are paid semiannually, calculate the
In February 2015 Treasury 4 3/4s of 2041 offered a semiannually compounded yield to maturity of 2.70%. Recognizing that coupons are paid semiannually, calculate the bond's price at offering. Assume face value is $1,000
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