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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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