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Your bank has a Treasury bond with a $2,700,000 par and a coupon rate of 9.25% and a remaining maturity of 4 years. The current

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Your bank has a Treasury bond with a $2,700,000 par and a coupon rate of 9.25% and a remaining maturity of 4 years. The current yield to maturity on this bond is now 10.75 percent. You are considering selling the Treasury bond and buying a government agency bond with a coupon of 11%, a yield to maturity of 11%, and a maturity of 4 years. The payments are semiannual on both securities. The tax rate is 40 percent. What is the dollar amount of the semi-annual coupon on the bond to be purchased in the swap? Select the closest correct answer. Select one: $146,246 $154,246 $156,246 $140,246 $144, 246

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