You buy a new 1000 face value 5 year treasury with annual payments of 10. Current yield to maturity on treasuires is 2%. 95. How much do you pay for it? 96.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter6: Fixed-income Securities: Characteristics And Valuation
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You buy a new 1000 face value 5 year treasury with annual payments of 10. Current yield to maturity on
treasuires is 2%.
95. How much do you pay for it?
96.
Transcribed Image Text:You buy a new 1000 face value 5 year treasury with annual payments of 10. Current yield to maturity on treasuires is 2%. 95. How much do you pay for it? 96.
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