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Use the information in the following table. What is the price of the August 2003 Treasury bond with semiannual payment (assume a $100, 000 par
Use the information in the following table. What is the price of the August 2003 Treasury bond with semiannual payment (assume a $100, 000 par value) with the yield to maturity from the table? What is the current yield of this bond? Why is the current yield higher than the yield to maturity? What is the price in dollars of the August 2003 Treasury bond? (Round to the nearest cent.)
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