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You have a 3 0 - year Treasury of $ 1 , 0 0 0 face value that pays 4 . 4 % coupons yearly
You have a year Treasury of $ face value that pays coupons yearly and has years left to maturity. The Yield to Maturity YTM of this bond is per annum. What is its price?
Remember, by convention coupons are assumed to be paid twice a year unless otherwise specified.
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