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You own a US Treasury bond with three years until maturity. Its face value is $1000 and it pays out a 5% coupon rate, with
You own a US Treasury bond with three years until maturity. Its face value is $1000 and it pays out a 5% coupon rate, with half of that being paid every six months. If this bond is trading at a 4% yield to maturity, what should be the market price?
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