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The stop-out yield on a 20-year Treasury is 3.81%. 1. What will be the coupon rate on the bond? 2. Assume coupons are paid semiannually,

The stop-out yield on a 20-year Treasury is 3.81%.
1. What will be the coupon rate on the bond?
2. Assume coupons are paid semiannually, what price would every successful bidder pay for a $1,000 par bond? Show your work (either formula or 5-key).

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