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

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

Maturity = 8/15/2045

Coupon = 2.875

Bid = 90.262

Asked = 90.282

Change = 0.030

Asked Yield = 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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