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In February 2015 Treasury 4%s of 2040 offered a semiannually compounded yield to maturity of 2.88%. Recognizing that coupons are paid semiannually, calculate the bond's

In February 2015 Treasury 4%s of 2040 offered a semiannually compounded yield to maturity of 2.88%. Recognizing that coupons are paid semiannually, calculate the bond's price.

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