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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 100 years. This

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 100 years. This particular Treasury has a YTM of 2.99%, and a stated rate of interest of 4.99% with a maturity of 100 years. The market price of this treasury is closest to?

a. $84,314.63

b. $163,375.22

c. $321,760.04

d. $163,450.66

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