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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 2018, the Treasury offered a semiannually compounded 6.0%20-year bond with a yield to maturity of 3.60%(annual rate). Recognizing that coupons are paid semiannually,
a) Calculate the bond's price as of February 2018.(1.5 Points)
b) Calculate the bond's price as of February 2023 after ten coupon payments have already been made. (Assume everything else stays the same).(1.5 Points)
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