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On February 2 0 1 8 , the Treasury offered a semiannually compounded 6 . 0 % 2 0 - year bond with a yield
On February the Treasury offered a semiannually compounded year bond with a yield to maturity of annual rate Recognizing that coupons are paid semiannually,
a Calculate the bond's price as of February Points
b Calculate the bond's price as of February after ten coupon payments have already been made. Assume everything else stays the same Points
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