Question
You are considering the purchase of a US Treasury note with a face value of $1,000 due in 6 years for $1,070.92. It has a
You are considering the purchase of a US Treasury note with a face value of $1,000 due in 6 years for $1,070.92. It has a coupon of 1.750% paid semi-annually. What is the yield to maturity of this security as a percentage to 3 decimal places?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
