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You buy a Treasury bond on Feb 4, 2019. The bond last paid a coupon on Dec 31, 2018, and always pays a coupon on
You buy a Treasury bond on Feb 4, 2019. The bond last paid a coupon on Dec 31, 2018, and always pays a coupon on the last day of the month when it is due. The bond matures on Dec 31, 2028, has par value of $1,000, 2% coupon paid semi-annually, and 3% YTM. Assume that the bond's day-count convention is the standard for Treasuries. And assume the market discount rate equals to YTM. What is the full price of this bond? Round your answer to 2 decimal places.
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