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The quote of treasury bonds with a maturity in year 2045 is as follows: Maturity Coupon Bid Asked Change Asked Yield 8/15/2045 2.875 90.262 90.282

The quote of treasury bonds with a maturity in year 2045 is as follows:

Maturity Coupon Bid Asked Change Asked Yield

8/15/2045 2.875 90.262 90.282 0.030 3.453

Assume $1,000 face value.

(1) How much would you have to pay to purchase one of these bonds?

(2) What is each coupon payment?

(3) What is the current yield?

please show work (by hand) and provide explanation

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