Multiple Choice
A Treasury note with a maturity of 2 years pays interest semi-annually on a 9 percent annual coupon rate. The $1,000 face value is returned at maturity. If the effective annual yield for all maturities is 7 percent annually,what is the current price of the Treasury note?
A) $960.68
B) $986.69
C) $1,010.35
D) $1,034.40
E) $1,038.99
Correct Answer:
Verified
Correct Answer:
Verified
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