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Let suppose you buy a T-note. The trade day is Oct 2, 2020. The note matures on Nov 15, 2021 with a 5% coupon and
Let suppose you buy a T-note. The trade day is Oct 2, 2020. The note matures on Nov 15, 2021 with a 5% coupon and yield to maturity 1.6%. What is the clean price of the note, given face value of $100? (round to nearest $0.01).
ANSWER MUST BE 103.73
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