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In November 2020, Treasury 3 1/8s of 2039 offered a semiannually compounded yield to maturity of 2.96%. Recognizing that coupons are paid semiannually, calculate the
In November 2020, Treasury 3 1/8s of 2039 offered a semiannually compounded yield to maturity of 2.96%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
In November 2020, Treasury 3 1/8s of 2039 offered a semiannually compounded yield to maturity of 2.96%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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