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You are eyeing an investment in Treasury Notes for a full lot ( i.e. PAR=$100,000), and find a note with a maturity of 20 years.

You are eyeing an investment in Treasury Notes for a full lot (i.e. PAR=$100,000), and find a note with a maturity of 20 years. This particular Treasury has a YTM of 2.81%, and a stated rate of interest of 2.30% with a maturity of 20 years. The market price of this treasury is closest to? (Could you show how to solve this on a ti-84 calculator)

a. $74,863.92

b. $92,237.51

c. $92,277.47

d. $127,244.82

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