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Suppose you are analyzing a 10-year Treasury Note that pays a semiannual coupon of 1.875% (annual rate). Par value is $1000 per bond. Further, suppose

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Suppose you are analyzing a 10-year Treasury Note that pays a semiannual coupon of 1.875% (annual rate). Par value is $1000 per bond. Further, suppose the yield on 10-year Treasury Notes is currently 91 bps (0.91%). What is the clean price (without accrued interest) of the bond? Duration: Using the same bond from the previous question (10-year Treasury Note that pays a semiannual coupon of 1.875%, Par value is $1000 per bond, and YTM 91 bps), calculate its Macaulay Duration

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