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Today you observe the following term structure of swap rates Maturity (years) Period i 2.6542% 2.0055% 3. 1546% 3.3623% 3.6570% 3.8865% 0.5 1.5 2.5 3

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Today you observe the following term structure of swap rates Maturity (years) Period i 2.6542% 2.0055% 3. 1546% 3.3623% 3.6570% 3.8865% 0.5 1.5 2.5 3 6 Determine the price of a 10-year Treasury note issued 8 years ago that pays a semi- annual coupon at 3.15% annual rate, and has face value $10,000

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