Question
What is the Present Value of $10,000 invested in a 10-year US Treasury Note (semi-annual coupon) issued Oct. 1, 2018 with a coupon of
What is the Present Value of $10,000 invested in a 10-year US Treasury Note (semi-annual coupon) issued Oct. 1, 2018 with a coupon of 3.225 pct. if the Settlement Date was Oct. 4, 2018? Assume that the Maturity Date is Sept. 30, 2028, and that the current yield on securities of this type is 1.4810 pct. Show me your math (or your calculator entries).
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