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The US Treasury issued a 10-year bond with an annual coupon of 5% (face value 100). What is its price if the market requires a
The US Treasury issued a 10-year bond with an annual coupon of 5% (face value 100). What is its price if the market requires a yield-to-maturity of 5%? What is its price if its coupon is paid semi-annually? Please show your work.
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