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In November 2 0 2 0 , Treasury 4 5 / 8 s of 2 0 4 2 offered a semiannually compounded yield to maturity
In November Treasury s of offered a semiannually compounded yield to maturity of Recognizing that
coupons are paid semiannually, calculate the bond's price. Assume face value is $
Note: Do not round intermediate calculations. Round your answer to decimal places.
Bond price
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