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Par value is 100 Part I. US Treasuries US Treasury yields are as follows (all are compounded annually): Maturity: 1 year 2 year 3 year

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Par value is 100
Part I. US Treasuries US Treasury yields are as follows (all are compounded annually): Maturity: 1 year 2 year 3 year 4 year 5 year 6 year 7 year 8 Yield: 4.00% 5.40% 5.50% 5.60% 5.70% 5.80% 5.90% 6 What is the price of a 4-year, 6.5% coupon Treasury? (Assume annual coupons.)

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