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The following 3.40% p.a. semi-annual coupon U.S. treasury bond has 2 years until maturity. Calculate the fair value of the bond (rounded to 2 decimal

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The following 3.40% p.a. semi-annual coupon U.S. treasury bond has 2 years until maturity. Calculate the fair value of the bond (rounded to 2 decimal places), assuming the current market yield for this bond is 6.45%. The bond has a face value of $100.00. Answer: 94.36

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