In November 2017, Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.78%.

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In November 2017, Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.78%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond price

Posted Date: Jul 11, 2024 10:21 AM

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In November 2017, Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.78%.

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