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Suppose a 20-year $1,000 2% Treasury note with semiannual coupon payments offers a 3% yield. What price would an investor pay to buy this note?

Suppose a 20-year $1,000 2% Treasury note with semiannual coupon payments offers a 3% yield. What price would an investor pay to buy this note? LO2 Suppose a 20-year $1,000 2% Treasury note with semiannual coupon payments offers a 3% yield. What price would an investor pay to buy this note? LO2 $1,090.23 $850.42 $768.85 $1,164.17

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