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Looking at The Wall Street Journal you observe that the settlement price on a hypothetical 15-year, semiannual payment, 5% coupon Treasury note is 105-210. If
Looking at The Wall Street Journal you observe that the settlement price on a hypothetical 15-year, semiannual payment, 5% coupon Treasury note is 105-210. If the note has a $1,000 par value, what is the implied Treasury note rate? Do not round your intermediate calculations. a. 4.16% b. 4.66% c. 4.48% d. 3.40% e. 3.94%
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